Ahead of the Wage Subsidy application process, which will be available beginning on Monday, April 27, follow these steps in order to be ready to apply.
- Register now for CRA’s My Business Account if you are not already signed up. This will ensure that you can apply as soon as applications open. If you are unable to register for My Business Account, make sure you have an online web access code so you are prepared to use the alternative application.
- Make sure your business details and direct deposit information for your payroll accounts are up to date. This will ensure that any payments to you will be processed quickly and easily.
- Before you apply, you will also need to calculate the estimated subsidy for your business
Be sure to keep records demonstrating your reduction in revenues and remuneration paid to employees.