The federal government has released details on how employers and individuals can access the Canada Emergency Wage Subsidy and Canada Emergency Response Benefit (CERB).
The Canada EmergencyWage Subsidy program provides eligible businesses with 75% of an employee's salary to a maximum of $847 per week. To qualify employers must demonstrate their revenues in March 2020 were 30% lower compared with March 2019. They will also be obligated to demonstrate a revenue shortfall going forward in order to qualify for payments in .
The Canada Emergency Response Benefit (CERB) provides $500 per week for up to 16 weeks to self-employed and other individuals who do not qualify for Employment Insurance. Individuals must have earned at least $5000 in the 12 months preceding their application. Please click here to apply.
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