Emergency wage-subsidy program extended until end of August: PM cdnpoli
Prime Minister Justin Trudeau steps out of Rideau Cottage for a daily news conference on the COVID-19 situation in the country in Ottawa, on May 14, 2020.says a federal wage subsidy for employees in businesses hit hard by COVID-19 will last at least until the end of August.
The subsidy was set to expire in the first week of June, only a few weeks after the first payments rolled out. Speaking outside his Ottawa residence Friday, Trudeau said the idea is to give employers more runway and confidence to resume operations slowly if they have to. He is also asking companies to bring back their employees.is to reveal details of a broadening of the program later today, including what Trudeau said will be expanded eligibility.
Trudeau also said the government will make adjustments to the program, including changes to the threshold for how much qualifying companies’ revenues must have declined, to ensure employers can continue getting help as business kicks back up.
Dan Kelly, president of the Canadian Federation of Independent Business, said the simplified wage subsidy would be a boost for small businesses and a relief for seasonal industries like tourism looking ahead to a soft summer.
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