Canadian Wage Subsidies Are Available to Business Owners

Screen Shot 2014-06-01 at 6.55.52 PMCheck out this piece in Small Business trends. The Fed has a series of wage subsidies available to businesses who have a majority ownership by resident Canadians, and it’s not a series of tax credits. It’s actually money that can cover up to 80% of an employee’s salary.

A page detailing wage subsidies for various industries on the Canadian Business Network website maintained by the Canadian government sheds some light on the initiative. Some of the subsidies apply to only certain provinces, but there’s something in there for almost everyone. As an example, the Employ PEI program is an employment benefit program which is designed to encourage employers to hire eligible individuals and provide them with an on-the-job work experience to enhance their skills and employability. The Early Childhood Enhancement Grant in Nova Scotia can be applied to increasing the wages of daycare workers (both full time and part time). The Employer Signing Bonus in Ontario is designed to encourage employers in the trades to register new apprentices in sectors where there is a high demand for skilled workers. 

Contrary to popular opinion, there are a series of federal programs out there for business owners. Check out the Canadian Business Network hereQuestions? Comments? Contact us or request a consultation

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