CRA Claws Back $458 Million in Pandemic-Era Wage Subsidies After Partial Audit

A sign outside the Canada Revenue Agency is seen in Ottawa, on May 10, 2021. The Canadian Press/Adrian Wyld

The Canada Revenue Agency has denied or adjusted $458 million in funds disbursed to employers through a pandemic-era wage subsidy program as a result of a partially completed auditing process.

The agency is releasing a report Nov. 20 that offers detailed findings of its audits of the Canada Emergency Wage Subsidy Program. The bulk of the findings cover the period ending March 31, but the report also offers more up-to-date figures as of Sept. 29.