With the new changes made by the Canadian Government, in the Wage Subsidy program, it will now be easier for companies to qualify for the program.

3 key changes made in the program are,

• A firm can now use revenue from January and February as a base of comparison, if it chooses. Previously, only year-over-year comparisons were allowed. This will help new firms
• To qualify, companies will have to show a 15% reduction in gross revenues for March. Previously, the threshold had been a 30% loss. The threshold will be 30% in April and May
• The government will allow the option to use cash accounting, instead of accrual accounting

Detailed Information: https://bloom.bg/2y5NWry