Commencing Monday, April 27, 2020, businesses can apply for the Canada Emergency Wage Subsidy through their CRA My Business Account Portal.
The CRA has also launched a wage subsidy calculator so that businesses can quickly see how much they can expect to receive from the subsidy.
For more information about this subsidy, be sure to visit the government's CEWS information page and our recent blog post about eligibility for this subsidy.
Minister Duclos stated advised that the federal government expects 90% of applications will be processed by May 5. Businesses can expect cheques and direct deposits shortly thereafter, and are encouraged to update their CRA business account profile.
Note: while this blog and the information above provides general information, it does not constitute legal advice. The best way to get guidance on your specific legal issue is to contact a lawyer. For more information about the CEWS, or if you have any other questions regarding your employment issue, please contact our office for a consultation with one of our lawyers.
The CRA has also launched a wage subsidy calculator so that businesses can quickly see how much they can expect to receive from the subsidy.
For more information about this subsidy, be sure to visit the government's CEWS information page and our recent blog post about eligibility for this subsidy.
Minister Duclos stated advised that the federal government expects 90% of applications will be processed by May 5. Businesses can expect cheques and direct deposits shortly thereafter, and are encouraged to update their CRA business account profile.
Note: while this blog and the information above provides general information, it does not constitute legal advice. The best way to get guidance on your specific legal issue is to contact a lawyer. For more information about the CEWS, or if you have any other questions regarding your employment issue, please contact our office for a consultation with one of our lawyers.