Wage Subsidy Extension announced

Date: 19th May 2020

A Wage Subsidy Extension payment will be available to support employers who are still significantly impacted by COVID-19 after the Wage Subsidy ends. The Wage Subsidy Extension will be available from 10 June 2020 until 1 September 2020. Eligible employers will need to reapply through Work and Income once their current 12-week subsidy has come to an end.

The Wage Subsidy Extension will be open to the same types of employers currently eligible for the wage subsidy. For the Wage Subsidy Extension, an employer must have experienced a revenue loss of at least 50% for the 30 days before the employer applies for the extension, compared to the closest period last year.

5/6/2020 updated:  criteria changed to 40% loss of income

For more information: Click here

Posted in: Covid-19, Latest News