The Canada Emergency Temporary Wage Subsidy Benefit
My Accounting firm – Hamilton Rosenthal – generously provided me with the following information as to how to go about applying for the Wage Subsidy Benefit program as below:
In order to set up your direct deposit with CRA for the purposes of receiving that 75% wage subsidy benefit, you must first register as an individual with CRA.
To set up My Business Account, click on this link:https://www.canada.ca/en/revenue-agency/services/e-services/e-services-businesses/business-account.html
You will have to complete two steps:
Step 1 – Provide Personal Information
- Enter your social insurance number
- Enter your date of birth
- Enter your current portal code
- Enter the requested amount from one of your filed and assessed Personal Income Tax Returns. Have a copy of your returns handy. (The line amount requested will vary. It could be from the current tax year or the previous one)
- Create a CRA USER ID and PASSWORD
- Create your security questions and answers
- Enter your business number (GST, Payroll, Corporate)
