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Below are some common questions from our customers that may provide you with the answer you're looking for. If you can't find an answer to your question, please don't hesitate to reach out to us.

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How to hire a student in Ontario?

To hire a young person, you must: prove you are licensed to operate in Ontario. comply with workplace, human rights and labour legislation. have workplace safety and liability insurance. offer job opportunities taking place in Ontario.

What are the types of subsidies?

Subsidies take many different forms but can be divided into five broad categories. Export subsidies. An export subsidy is when the government provides financial support to companies for the purpose of exporting goods to sell internationally. Agriculture subsidies. Oil subsidies. Housing subsidies. Healthcare subsidies.

What is an example of a subsidies?

For example, if a government sends monetary assistance that reimburses 15% of all health expenditures to a group that is paying 15% income tax. Exactly the same subsidy is achieved by giving a health tax deduction. Tax subsidies are also known as tax expenditures. Tax breaks are often considered to be a subsidy.

What effect do wage subsidies have on employment?

Wage subsidies lower the net wages paid by the employer. In competitive labor markets, the strength of the employment effect depends on the responsiveness of labor demand and supply to wages (wage elasticity). If either is inelastic, the subsidy will not enhance employment.

Can you still apply for Cews?

Currently, the CEWS is available for the months of March, April and May, and eligible employers will be required to reapply each month.

How is 10 temporary wage subsidy calculated?

Multiply your gross eligible remuneration by 10% to get your allowable subsidy amount. Make sure this amount does not exceed the maximum of $1,375 per eligible employee or $25,000 per eligible employer.

What are the government subsidies?

Subsidies are payments, tax breaks, or other forms of economic support given by governments to certain industries or economic sectors. The goal of subsidies is to aid or support what are deemed to be key parts of the economy or national infrastructure.

Who is eligible for Canada emergency wage subsidy?

Created in response to COVID-19, the Canada Emergency Wage Subsidy (CEWS) provides savings to employers by providing a subsidy equal to 75% of employee wages on the first $58,700 per employee, up to a maximum of $847 per week, with no overall maximum for the employer.

What are hiring subsidies?

Employers can receive wage subsidies of up to 50 percent of the wage cost for the placement (up to a maximum of $5,000 per placement) or up to 70 percent (up to a maximum of $7,000 per placement) for under-represented students including first-year students, women in STEM, Indigenous students, persons with disabilities

Who is eligible for wage subsidy Australia?

Eligibility. Wage subsidies are for new and ongoing employment positions. They can be for full-time, part-time, casual, or even a traineeship or apprenticeship positions. Its important to note that you cant access a wage subsidy if you are getting other government funding for the same position.

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How to Draft Subsidize Work For Free