Consolidated information on all government support programs.

I recently came across this site that may be of use to you and your employees.  It appears to be updated daily with both the provincial and federal government programs being offered during the COVID-19 Crisis.  We have linked to the original document so that you can follow the updates.


This website has been adapted from information compiled and published freely by Dr. Jennifer Robson, Associate Professor of Political Management at Carleton University. You can read the original document here: https://t.co/m0dXFYIZwk?amp=1. Dr. Robson is not affiliated with this website or its publishers. Any errors or omissions in adapting Dr. Robson’s are the sole responsibility of [Mainstay Insurance Brokerage Inc.

READ HERE

COVID-19: How the federal government is supporting small business

I am a member of the Canadian Federation of Independent Business (CFIB) and they just sent this info out. I thought worth sharing as it highlights all the programs to all the parties.


With the ongoing COVID-19 pandemic, we know you need cash flow to keep your doors open and employees paid. We’re pushing the federal government to provide the relief measures you need to keep your business alive.

So far, here’s what the federal government is doing to support small business. We will continue updating this page with the latest information as it becomes available—and continue pushing governments for greater relief.

For the CFIB page with al the programs on one expandable page CLICK HERE

For all the details, read the federal government’s full program.

Government Announces Details of the Canada Emergency Wage Subsidy to Help Businesses Keep Canadians in their jobs

I have seen info on the subsidy coming in from a number of sources, but here is one that makes succinct points from a local employment law/HR firm.  We will provide more info as details become available.


The government provided more detail on April 1, 2020 about the federal wage subsidy being offered to employers in an effort to limit layoffs and keep Canadians employed during this COVID-19 pandemic.

On March 30, 2020, the Government of Canada announced that the federal wage subsidy (which was initially announced as a 10% wage subsidy for small businesses) was being increased to 75%, and that it will be available to all employers, regardless of size, that had suffered a 30% reduction in revenues due to COVID-19. Moreover, all non-publicly funded employers will be eligible to apply for the subsidy, including charities and non-profits.

In particular, the government stated that the subsidy would cover 75% of the first $58,700 of wages for each worker employed by an eligible business, which is up to $847 per week, backdated to March 15.

On April 1, 2020, the government provided further details on the wage subsidy, including that:

  • To be eligible, employers must have experienced a 30% reduction in gross revenue compared to 2019, calculated by comparing revenues from each month with the same month in 2019 (e.g., a 30% decline in March 2020 as compared to March 2019);
  • Employers will be required to reapply for the wage subsidy each month;
  • Employers will be required to attest that they are “doing everything that they can” to provide their employees with the remaining 25% of their wages, to receive the subsidy;
  • Employers will be able to apply online through a portal on the Canada Revenue Agency’s website that will be available “soon”;
  • Funds under the subsidy will be available in mid-May; and
  • There will be “severe consequences” for anyone who abuses this subsidy or uses the money for fraudulent purposes.

READ FULL ARTICLE


Here are the government press releases:

Government Announces Details of the Canada Emergency Wage Subsidy to Help Businesses Keep Canadians in their jobs

https://www.canada.ca/en/department-finance/news/2020/04/government-announces-details-of-the-canada-emergency-wage-subsidy-to-help-businesses-keep-canadians-in-their-jobs.html

The Canada Emergency Wage Subsidy

https://www.canada.ca/en/department-finance/economic-response-plan/wage-subsidy.html