L&A CPA

Blogs

  • Home
  • |
  • Emergency Response Benefit and Wage Subsidy
Article Details

Emergency Response Benefit and Wage Subsidy

Ensure you are registered for a CRA My Account in order to benefit from government subsidies.

If you do not have a CRA My Account and will be eligible for the Canada Emergency Response Benefit, we highly recommend you register for the My Account. You’ll need to have your most recent personal income tax return available to answer a question from CRA at the initial set-up.
See link: https://www.canada.ca/en/services/benefits/ei/cerb-application.html

The actual application process is set to open Monday, April 6th and has set specific days based on the month you were born as your best day to apply. January, February or March apply Mondays; April, May or June apply Tuesdays; July, August or September apply Wednesdays; and October, November or December apply Thursdays. Fridays, Saturdays and Sundays are open to all applications.

Canada Revenue Agency has updated the wording on the Temporary Wage Subsidy of 10% (maximum of $1375 per employee up to a total maximum of $25,000) to include more eligible employers including partnerships and individuals. If you don’t qualify for the Canada Emergency Wage Subsidy , which is the 75% wage subsidy, you can still claim the 10% Temporary Wage Subsidy.
See link: https://www.canada.ca/en/revenue-agency/campaigns/covid-19-update/frequently-asked-questions-wage-subsidy-small-businesses.html

Eligible employers will be able to access the 75% Canada Emergency Wage Subsidy by applying through a Canada Revenue Agency online portal. More details on how to apply will follow soon.
See link: https://www.canada.ca/en/department-finance/economic-response-plan/covid19-businesses.html#wage_subsidies