COVID-19: EI Benefits & Wage Subsidy

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COVID-19: EI Benefits & Wage Subsidy

Greetings to all GTS clients!

On March 25, Prime Minister Justin Trudeau announced further details about the COVID-19 Benefit.

  1. COVID-19 Benefit
  • Anyone who lost their job due to COVID-19 (including Regular/Part-time Employees and Self-Employed)
    • Employee who applied EI due to temporary office shut down
    • Corona Virus Patients or quarantine
    • Parents with children who require care or supervision due to school or daycare closure or a family member who is sick with COVID-19
    •  Employer who shut down his/her business
  • Scale of Support: $2000 per month for 4 months, Changed to Regular EI after 4 months
  • Application: Application Portal in preparation
  • Receiving Time: Approximately 10 days after application
  • Receiving Period: Applicable between March 15 to October 3 (Can be changed to regular EI after October 3, limited to those who are eligible)

**Please refer to the link below for more detailed information or visit our website www.globaltax.ca


  • Wage Subsidy

  • Eligibility
    • CCPC, NPO, Charity
    • Holding an existing BN and payroll account with the CRA
    • Continuously paying salary and wage to employee

 **For your information, those who do not pay wages to their employees between March 20 to June 20, 2020 are not eligible for the subsidy

  • Subsidy calculation
    • 10% of total monthly wages

  • Subsidy Amount
    • Maximum $1,375 per employee, $25,000 per employer
    • CCPC will not be required to share the maximum subsidy of $25,000 per employer

  • Application
    • Reduce your calculated subsidy from current remittance of income tax on April 15, 2020

  • Ontario Federal Government Support
  • Ontario unleased record spending for COVID-19 pandemic with $17B in emergency measures
  • Financial Statement sets aside 3.3B for health care
  • One-time payment of 200$ per child under the age of 12 ($250 for special-needs kid)

All our GTS family hope all our clients to have a safe and great day. We will update you as soon as government makes further announcement.

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