Full details of Canada’s wage subsidy program should be available tomorrow, and you can check the government’s COVID-19 page for businesses for more information. What has been confirmed so far:
- Companies who have experienced a decrease in revenues of at least 30 per cent are eligible.
- The government will cover up to 75 per cent of a salary to a cap of $58,700, i.e. up to $847 a week.
- Businesses of any size can qualify, as well as non-profits and charities.