Period 1 to 4:
Taxable corporation, self-employed individual, registered charity, partnership or non-profit organization of all sizes that can show either:
- Income decreased by 15% between March 2019 and March 2020, or
- That the average of revenue from January and February 2020 compared to March 2020 has decreased by 15%.
These criteria will go up to 30% for the month of April and May of 2020.
- Revenue can either be calculated under the cash method or accrued method.
- Non-profit and charities will have the option to include or exclude government subsidy to show drop in revenue.
Period 5 to 10:
Taxable corporation, self-employed individual, registered charity, partnership or non-profit organization of all sizes that can show a drop of revenue in the current month of the applicable period compared to either the same month in 2019 or the average of January and February 2020, or who had a drop of revenue the previous month when compared to the same month in 2019, or the average of January and February 2020.
Subsidy would apply to organizations that have qualifying employees such has:
- Salaried employees (not subcontractors)
- Shareholders who were employees (T4 salary) prior to the crisis would see their wages post-crisis eligible for the wage subsidy as well. Same rule for any employee dealing at arm's length with the business.