Fernandez yOung's Blog


[UPDATED] Canada Emergency Wage Subsidy now accepting applications - Monday, April 27

The much-anticipated Canada Emergency Wage Subsidy program has begun accepting applications as of Monday, April 27

Note this is for the 75% wage subsidy. You can still claim the original 10% subsidy via a reduction in your employee income tax remittances. Details on all benefits can be found in our PDF table for businesses

Before you apply, you will need to:

1. Have a CRA My Business Account

2. Ensure your business details and direct deposit information are current

3. Calculate the estimated subsidy

4. Have a large value transfer system set up if you are a large organization expecting more than $25 million. 

When you're ready, you can apply here.