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We continue to update this information as new updates become available, but should you have questions about any of these government initiatives or programs, please contact your Smythe Partner directly.
Many businesses are struggling making the decision whether to retain their workforce while revenues are decreasing and communities are pressured into self-isolation. To support eligible employers and employees, the Federal Government has announced changes to the Employment Insurance (EI) Sickness Benefits and the Work-Sharing program.
More details are needed to clarify certain eligibility conditions and timing as well as confirm how to access these measures.
For federal and provincial tax deadlines or for information on other measures, click here.
 On March 27, 2020, Prime Minister Justin Trudeau announced the wage subsidy will be back dated to March 15 and will be increased to 75%. Details of this change will be updated when the information becomes available.
“Eligible employers” will receive a temporary wage subsidy in the form of reduced payroll remittances for remuneration paid between March 18 and June 19, 2020 (the “Eligible Period”).
Eligible employer means one who meets all of the following three criteria:
*Note: The requirement for a CCPC to have a small business limit in its last taxation year ignores the passive income grind. Thus, a CCPC would have a small business limit if its taxable capital employed in Canada for the preceding taxation year, calculated on an associated group basis, was less than $15 million and it was assigned a portion of the available limit by the group.
Remuneration eligible for this subsidy includes salary, wages, bonuses, or other remuneration paid to an employee during the Eligible Period.
The subsidy is equal to 10% of remuneration paid during the Eligible Period, to a maximum of $1,375 per employee and $25,000 per employer. Note that associated CCPC’s do not share this amount.
To receive the subsidy, the employer may reduce its remittances to CRA of income tax withheld (not CPP or EI) on remuneration paid between March 18 and June 19, payable on the employer’s regular remittance due date.
The subsidy will be considered taxable income to the employer.
What it is:
Who is eligible:
The CERB covers workers who:
The CERB applies to:
How to apply:
If you have questions about any of these government initiatives or programs, please contact your Smythe Partner directly.