COVID-19 Business Owner Information Update

 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)

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