Sole proprietorship not eligible for CERB?
I tried to read through the eligibility for both the $2000/month and the 75% wage subsidy. I just want to verify that I am reading it all correctly.
If an individual owns a sole proprietary business with no employees and pays tax through individual tax account.
They are not eligible for the wage subsidy as they don't pay themselves a wage nor the $2000/month as they only experience reduced revenue/income for the time being?
Hypothetically, if they want to be eligible for the $2000/month, even with the current reduced revenue, suspend the business entirely to drop income down to zero?
Thanks in advance.
If an individual owns a sole proprietary business with no employees and pays tax through individual tax account.
They are not eligible for the wage subsidy as they don't pay themselves a wage nor the $2000/month as they only experience reduced revenue/income for the time being?
Hypothetically, if they want to be eligible for the $2000/month, even with the current reduced revenue, suspend the business entirely to drop income down to zero?
Thanks in advance.