I agree that the way the bill is written would support your interpretation, but how would you then calculate the maximum amount if you would have 2 employees in first period, 5 in the next and 2 in the 3rd month for example?

CRA’s interpretation seems to be a maximum per employee. “up to $1,375 for each employee.”

For reference, here is the legislation: https://www.parl.ca/DocumentViewer/en/43-1/bill/C-13/royal-assent

COVID-19 — deemed remittance

(1.02) For the purposes of this Act, if an eligible employer pays, at a particular time that is within the eligible period, eligible remuneration in respect of which a particular amount is required to be deducted or withheld under subsection (1), then the eligible employer is deemed to have remitted to the Receiver General at the particular time in respect of the particular amount, an amount equal to the least of

(a) the amount determined by the formula

A − B

where

A

is the prescribed amount, and

B

is the total of all amounts, each of which is an amount deemed to have been remitted by the eligible employer under this subsection prior to the particular time (and, if more than one such payment is made at the particular time, the eligible employer may designate the order in which the amounts are considered to have been paid),

(b) the amount determined by the formula

C × D

where

C

is the prescribed percentage, and

D

is the amount of the eligible remuneration, and

(c.) the amount determined by the formula

E × F

where

E

is the prescribed amount, and

F

is the total number of eligible employees employed by the eligible employer during the eligible period."