Employee Management for Small Business
Wednesday, November 20, 2024  |   | 
Covid-19 Information  

Note:
Please Review carefully the CRA's explanation of the following 2 subsidy offers.
On the CEWS 75% offer you must study the web document provided below by CRA.
Also make sure you download the CRA CEWS calculation spreadsheet provided
(Note: there is a separate tab selection for weekly and bi-weekly) .

- Select employees to exclude from report (Employee screen)
- Add Employee 'Arm's Length'  status (Employee screen)
- Add total eligible employees Count, total eligible remuneration

Employer Paid Contributions Refund

Employers can claim refund for the employer-paid part of contributions made on behalf of eligible employees who are furloughed (on leave with full or partial pay ) for any full week in the claim period.

These employer-paid contributions include:

  • Employment Insurance (EI)
  • the Canada Pension Plan (CPP)
  • the Quebec Pension Plan (QPP), and
  • the Quebec Parental Insurance Plan (QPIP)
     
(CEWS) 75% Emergency Wage Subsidy

This is a subsidy of 75% of employee wages for up to 12 weeks from March 15 to August 29, 2020. This program is available to eligible employers that have seen a revenue reduction of at lease 15 percent in March and a 30 percent reduction for the remaining months.

Claim Period

Start Date

End Date

1

  March 15, 2020

  April 11, 2020

2

  April 12, 2020

  May 9, 2020

3

  May 10, 2020

  June 6, 2020

4

  June 7, 2020

  July 4, 2020

5

  July 5, 2020

  August 1, 2020

6

  August 2

  August 29, 2020

  

The subsidy has again been extended to November 29, 2020 (Periods 7 to 9).


7

  August 30, 2020

  September 26, 2020

8

  September 27, 2020

  October 24, 2020

9

  October 25, 2020

  November 21, 2020

 
Note: Excel calculation work sheet is different from the one used for periods 1-6.
     It contains an additional column ()
 
* You can download the CRA spreadsheet Calculator from the web site above.
 


Please visit the following link to get more information about:
  • Who is an eligible employer
  • Determine your eligible employees
  • Calculate your subsidy amount
    * Please download the latest calculation spreadsheet as you will need this in conjunction with the WinTax report information which you will enter into the spreadsheet to calculate the subsidy amounts that will be awarded to you.
  • How to apply
  • After you apply
  • Contact the CRA

CRA FAQ on CEWS Wage Subsidy 


(10%) Temporary Wage Subsidy

This is a temporary three-month subsidy program that will allow eligible employers to reduce the amount of payroll taxes submitted to the CRA.

This subsidy is 10% of the remuneration you pay between March 18, 2020 to June 19, 2020 up to $1,375 per eligible employee and to a maximum of $25,000 per company.

NOTE: The 10% Wage Subsidy will need to be subtracted from your CEWS submission.

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