March 30, 2020by Israel Foulon LLP
Since our March 27, 2020 E-Bulletin, there have been further important announcements of which employers should be aware (a few key details are listed below):
- The Federal government has revealed that the Canada Emergency Wage Subsidy, which was announced last week, will be available to all businesses (regardless of size or the number of employees) whose revenues have decreased by at least 30%. Specifically, the program applies to non-profits, charities, and businesses of all sizes. Under the program, 75% of employees’ salaries will be covered on the first $58,700 that employees earn – up to $847 per week. The program will be backdated to March 15, 2020.
- The federal government has warned that there will be serious consequences for employers who take advantage of the program, and has asked businesses to pay the remaining 25% of employees’ salaries if they are in a position to do so.
Given the exceptional and unprecedented situation, we expect further developments in the coming hours and days.
Israel Foulon’s Response to COVID-19
Israel Foulon is assessing the situation as it evolves, and is taking all necessary precautions within its workplace. However, please be aware that our offices remain open and are fully functioning. In the circumstances, we encourage our clients to contact us by phone and email to the extent possible. Voicemail messages left at our office phone numbers are immediately forwarded via email. All messages will be promptly responded to. We remain steadfast in our commitment to our clients and would be more than happy to assist you with concerns regarding COVID-19 or any other employment or labour matters.