10% Wage Subsidy
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This page was last updated on March 14, 2020.
10% Wage Subsidy
The 10% Temporary Wage Subsidy for Employers is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA).
Note: The Canada Emergency Wage Subsidy (CEWS), which provides a 75% wage subsidy to eligible employers, is a separate program.
Can I claim both the 10% subsidy and the Canada Emergency Wage Subsidy?
Yes, although the amount of the 75% subsidy the employer receives will be reduced by the amount of the 10% subsidy claimed. For timing reasons, we recommend immediate use of the 10% subsidy if you qualify. More specifically, the 10% subsidy is claimed by a reduction in income tax remittance, up to $1,375 per employee and $25,000 for all employees of that business. This can be claimed in the next payroll remittance. Read more about the Canada Emergency Wage Subsidy here.