Government of Canada COVID-19 FAQ
The government has posted answers to the most frequently asked questions about COVID-19. Links are below.
What is the Temporary Wage Subsidy for Employers?
How do I calculate the subsidy?
How will I receive the subsidy?
When can I start reducing remittances?
What if subsidies exceed the remittances?
Will the subsidy affect deductions from my employees?
What if I don’t reduce remittances during the year?
What books and records do I need to support the subsidy?
Is the subsidy considered taxable income?