Important Update for

Centre Wellington Businesses

Temporary Wage Subsidy for Employers:

• This is a three-month measure that will allow eligible employers to reduce the amount of payroll deductions required to be remitted to the Canada Revenue Agency (CRA).
• The subsidy is equal to 10% of the salary/wage remuneration you pay between March 18, 2020, and June 20, 2020, up to $1,375 per employee and to a maximum of $25,000 total per employer.
• If you remit your own payroll deductions (as opposed to a payroll provider doing that for you), the calculation has to be done manually and then you will reduce your monthly remittance by the calculated amount
• For accounting purposes, this reduction should be entered as a revenue line (it is taxable income), not as a reduction of payroll deductions. 
• If you use a third party payroll provider such as Ceridian or ADP, they will advise you on the administration of this wage subsidy.

You are an eligible employer if you:

• are a non-profit organization, registered charity, or a Canadian-controlled private corporation (CCPC defined here)
• have an existing business number and payroll program account with the CRA on March 18, 2020; and
• pay salary, wages, bonuses, or other remuneration to an employee.

More details and FAQs answered here. 

COVID-19 Business Survey

Please take a few minutes to complete this COVID-19 Business Survey.  Wellington County Economic Development is seeking your assistance in providing some high level reporting so that we can advocate on your behalf with all levels of government. Information will be used to help find additional support our businesses need and have a better understanding of the economic situation in our communities.

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