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Wage subsidy for business without staff

Question

If a company has no staff, but two directors each of whom is entitled to get the subsidy, what is the entitlement? 1 x $7029 ? or 2 x $7029?

Answer

If there are two directors who earn a salary from the company and the company is entitled to the wage subsidy, then the amount received will be 2 x $7029.  Our understanding is that WINZ requires each director to be named in the application.

THE GOVERNMENT CONTINUES TO MONITOR THE MEASURES THAT THEY ARE TAKING IN RESPONSE TO COVID-19 AND THESE MAY BE CHANGED AT NO NOTICE, AS THEY SEE FIT. IT IS FAIR TO POINT OUT THAT WE ARE BUSINESS ADVISORS AND NOT LAWYERS.  OUR ANSWERS ARE BASED ON OUR UNDERSTANDING OF THE SOMEWHAT LIMITED INFORMATION THAT HAS BEEN MADE AVAILABLE PUBLICLY AT THIS POINT.

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