10% Temporary Wage Subsidy for Employers
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10% Temporary Wage Subsidy for Employers
The 10% Temporary Wage Subsidy for Employers (TWS) is a 3-month measure that allows eligible employers to reduce the amount of payroll deductions they need to remit to the Canada Revenue Agency (CRA). This only applies to the federal, provincial, or territorial income tax portion of the remittance.
The subsidy is equal to 10% of the remuneration you pay from March 18 to June 19, 2020, up to $1,375 for each eligible employee. The maximum total is $25,000 for each eligible employer.
CEWS is another subsidy available to employers
The Canada Emergency Wage Subsidy (CEWS) is a separate program that provides a 75% wage subsidy to eligible employers. If eligible, you may be able to take advantage of both the TWS and the CEWS. For more information see How the TWS and CEWS work together
Sections
- Who is an eligible employer
Determine if you are eligible for the subsidy - Calculate your TWS amount
How to determine your TWS amount manually - How to take advantage of the TWS
Reducing your payroll remittances, taking advantage of the TWS - How the TWS and the CEWS work together
Impact on the amounts if taking advantage of both subsidies - Reporting the TWS to the CRA
Submitting the self-identification form, keeping records, reporting the TWS - Contact us about the TWS
How to contact the CRA about the TWS
- Date modified:
- 2021-02-26