COVID-19 and no longer qualifies.Gregory Condon, owner of Theo’s Restaurant, says the eligibility criteria for the wage subsidy, which covers 75 per cent of employee wages, is onerous for businesses under new ownership.Business owners must prove a drop in revenue by calculating year-over-year revenue declines or by comparing the previous month’s revenue to the average earned in January and February 2020.Condon purchased the restaurant in July 2019, so he said he is not allowed to compare restaurant sales each month to the same calendar month last year.
Condon said he must use January and February average sales as the benchmark comparison when business in the tourism town is typically very slow.[ Sign up for our Health IQ newsletter for the.