The changes respond to the main complaint from business owners about the original program: It was only open to firms that could demonstrate at least a 30-per-cent revenue decline
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“We know that the requirement that businesses have a 30-per-cent reduction in revenue is not helpful in that regard. So what we’re saying is that businesses will get the wage subsidy if they’ve had any reduction in revenue. So, it’s going to go all the way down to businesses who even have a small amount of revenue reduction. They’ll get the subsidy as well, and it will be in proportion to the amount of their revenue reduction,” he said.Mr.
NDP Finance critic Peter Julian said the new rules are “definitely an improvement” and in line with what businesses and the NDP have long called for. The next week, the Liberals opted to focus on individuals and announced the Canada Emergency Response Benefit , a taxable $2,000 monthly payment for people who had lost nearly all of their income due to COVID-19.
As of this week, the federal government has paid out $20.4-billion through the wage subsidy and $59.4-billion through the CERB.
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