NOKTogether | Wage Subsidy Calculator Created

The federal government has launched a calculator to support employers as they prepare to apply for the Canada Emergency Wage Subsidy.

The CEWS calculator can be found at https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html?utm_source=stkhldrs&utm_medium=eml&utm_campaign=gvnmntlnchscwsclcltr

The web page includes detailed information and instructions about who can apply for the subsidy, how eligibility is assessed, and how the subsidy is calculated.  The calculator also includes a printable statement feature that employers can use to view their claim at a glance and, as of April 27, enter required information into the CEWS application form quickly and easily.

By providing employers with additional details about their subsidy claim, the CEWS calculator can equip employers with important information they can use now to make more informed decisions about retaining and re-hiring workers. A series of information sessions will be held in the coming days to provide a forum for eligible employers.

The CRA also encourages employers to sign up for My Business Account or Represent a Client as employers will be able to apply through these portals. The CRA will open the application process on April 27, 2020.  CEWS claims will be subject to verification by the CRA. Funds for approved applications will begin to be released on May 5.

%d bloggers like this: