Eligible employers will need to reapply through Work and Income once their original 12-week wage subsidy has come to an end. “From June 10, businesses that have suffered, or expect to suffer, revenue loss of at least 50 per cent for the 30-day period prior to the application date versus the nearest comparable period last year will be eligible for the extension of the scheme. On May 15, the government added an additional 12 weeks to the program, extending eligibility to August 29. As Ajay’s employer was unable to afford to pay Ajay’s normal wages, or 80% of Ajay’s normal wages, Ajay and his employer agreed in writing that Ajay would receive the full-time wage subsidy rate of $585.80 a week. Ajay would not be required to work and would retain his annual holidays entitlements.Ajay’s employer reopens the café at the start of Alert Level 2. You can apply to cover the wages of your employees over an 8 week period. This period needs to be in the 40 days before you apply (but no earlier than 10 May 2020) and must be compared to the closest period last year. You can’t receive more than one COVID-19 payment for the same employee at the same time. Her hourly rate is $25 per hour, and she normally works eight hours a week. The personal information bank CRA PPU 120 in Info Source is being updated to reflect this program. Employers and employees can temporarily or permanently agree to vary the agreed wage rate.
New businesses which have been operating less than a year, or high growth businesses (e.g. On July 17, the government announced proposed changes to the CEWS. If it isn’t, there could be a delay. The Wage subsidy extension is now available.
As we saw with the original scheme, we expect that the information WINZ published will change over time.The turnover drop threshold and how that turnover drop is measured has changed from the original wage subsidy, but broadly speaking the other criteria seems to be the same as the Wage Subsidy was in recent times (although not necessarily the original scheme).As we highlighted in a prior article – the one change other that we have noticed is the specific guidance around what happens where the employee’s usual wages are less than the subsidy amount. His employer uses the wage subsidy payment to offset the cost of these wages for the remainder of the 12-week subsidy period, paying $114.2 alongside the subsidy amount.While the café has reduced capacity, reopening results in an increase in revenue.
(09) 638 8403 Wage Subsidy Extension. The Wage Subsidy Extension went live yesterday morning. Any change requires good faith consultation and written agreement. You'll be asked to declare you meet the criteria and agree to the obligations for the use of this payment. Yes, you can apply for the Wage Subsidy Extension for your employee, even if you haven’t applied for the Wage Subsidy for them before.Yes, new businesses which have been operating less than a year can apply for the Wage Subsidy Extension. Due to its closure, the company suffered a 30% loss in revenue. MSD are working to pay the COVID-19 Wage Subsidy Extension as quickly as they can. Your business must have experienced a minimum 40% decline in revenue for a continuous 30-day period. Eligible employers will need to apply for the wage subsidy extension through Work and Income once their original 12-week subsidy has come to an end.
COVID-19: Wage Subsidy Extension - Work and Income (external link) Eligibility. You can apply for the COVID-19 Wage Subsidy using our online application form. Visit Work and Income for more information. Her employer uses the remaining $150 a week to top-up the pay of other affected employees who would usually earn more than the rate of the subsidy.After moving to Alert Level 2, Jennifer resumes working 8 hours a week, and continues to receive $200 in wages for the hours she is working.Towards the end of the 12-week wage subsidy period, the business is still experiencing more than a 40% revenue loss. The decline must also be related to COVID-19.
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