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Calculation of temporary employer wage subsidy 2020

Temporary wage subsidy calculator 10% employers Canada COVID-19 2020

This calculator will allow you to know an estimate of the temporary employer wage subsidy which is valid on wages from March 18, 2020 to June 19, 2020.




 

The total monthly salary of employers is calculated by taking the sum of all salaries of employees in the past month. If you have this figure on an annual basis, simply divide it by 12. If you have the weekly salary, you have to multiply it by 4.33333 (52/12). If the amount at 2 weeks is normally used, simply multiplied by 2.1666667 (or 52/24).

Are you eligible?

This temporary assistance is an exceptional measure and the period during which you are entitled to the subsidy is from March 18, 2020 to June 19, 2020 because of the problems related to the COVID-19 coronavirus.

This subsidy is available to businesses in Canada with taxable capital used in Canada for the previous taxation year of less than $ 15 million.

Visit Frequently Asked Questions - Temporary Wage Subsidy for Employers for more information or to apply online.

Maximum amounts

The maximum subsidy amount is $ 25,000 for all of your employees. This gives you the possibility of earning 10% on $ 250,000 in wages paid.

The maximum amount per employee is $ 1,375, which means that 10% up to $ 13,750 in salary is covered.

Please note that subsidy are taxable and that only federal payments (Canada income) are considered.

You will not be entitled to this subsidy if you have laid off or licensed even if it is only a temporary termination of employment

This Canada-wide measure will require $ 975 million in government spending.

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