THIS BLOG WILL BE UPDATED

Trudeau announces today that NPOs and Charities will be included in the wage subsidy.   On March 27, 2020 there was an announcement from the Federal government that they will be providing to small businesses a wage subsidy that could be as high as 75 percent.  This was a lot higher than the original 10% wage subsidy they had promised on March 18, 2020.  However, it was not clear whether this applied to Canadian charities and non-profits and today Trudeau clarified  that it will apply to non-profits and charities.

The wage subsidy will be 75 per cent qualifying businesses, registered charities and non-profits for up to 3 months, retroactive to March 15, 2020. This will help non-profits and charities to retain employees.  There will be more details on the eligibility criteria.

Some details we have at the moment include:

  • will only apply if 30% decline in revenue of business, npo or charity.
  • it is not restricted based on employee number so will apply to larger charities as well.
  • it will provide funds to the employer equal to 75% of salary on first $57,700 approximately.
  • It will be backdated to March 15, 2020.
  • There will be background documents provided.

 

Warning that businesses, npo and charites should not misuse this program or significant consequences.