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Changes to revenue thresholds and subsidy rates

The base wage subsidy is established on a sliding scale based on the drop in the employer’s revenue. The top-up subsidy will only be eligible for employers who have experienced an average revenue drop of more than 50% over a three-month period prior to the referred period.

  • These measures are applicable beginning with period 5 (July 5 to August 1, 2020), so that the subsidy will be gradually reduced for the following periods.
  • The base subsidy and the top-up subsidy are calculated on a maximum weekly benefit of $1,129 per employee.

Top-up subsidy

Employers who have suffered an average revenue drop of more than 50% over a period of three months can benefit from a top-up subsidy calculated at a rate varying between 6.25% and 25% (maximum rate).

3-month average revenue drop Top-up Calculation of the top-up subsidy = 1.25X (3-month revenue drop – 50%)
70% or more 25,00% 1,25 x (70% – 50%) = 25,00%
65% 18,75% 1,25 x (65% – 50%) = 18,75%
60% 12,50% 1,25 x (60% – 50%) = 12,50%
55% 6,25% 1,25 x (55% – 50%) = 6,25%
50% or more 0,00% 1,25 x (55% – 50%) = 0,00%

 

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