NWT Tourism Coronavirus Update #15 - Businesses can begin applying for emergency COVID-19 Wage Subsidy Program and other funding news
COVID-19 Wage Subsidy ProgramThe federal government has announced that businesses can now begin applying for the emergency COVID-19 Wage Subsidy Program.
- As a Canadian employer whose business has been affected by COVID-19, you may be eligible for a subsidy of 75% of employee wages for up to 12 weeks, retroactive from March 15, 2020, to June 6, 2020.
- This wage subsidy will enable you to re-hire workers previously laid off as a result of COVID-19, help prevent further job losses, and better position you to resume normal operations following the crisis.
Canada Emergency Commercial Rent AssistancePrime Minister Justin Trudeau has announced commercial rent relief measures for SMEs through the new Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. The federal help, expected to lower rent by 75 per cent for affected small businesses, will be provided in partnership with the provinces and territories, which have jurisdiction over rents.You will find links to these two programs as well as a link with all federal and territorial relief programs for businesses by going to this link: NWT Tourism Newsletter Summary of Funding Available