'Greater certainty and support': PM Trudeau says feds will extend wage subsidy program until December cdnpoli
This marks the second extension of the Canada Emergency Wage Subsidy . On May 15, the government added an additional 12 weeks to the program, extending eligibility to August 29.
"For the last three months, you’ve seen me come out to talk with Canadians about what we’re doing to help you and your family, your employer, your local businesses deal with this pandemic. We’re going to continue to do that vital work," said Trudeau during a press briefing outside Rideau Cottage in Ottawa.
Announced on March 27, the CEWS provides qualifying businesses and non-profits funding for 75 per cent of employee wages, retroactive from March 15. The objective of the program is to keep employees on the payroll so businesses can rebound more quickly when restrictions are lifted and the economy restarts. The CEWS had a slow uptake, but has drastically increased in popularity, as highlighted in the federal snapshot released last Wednesday.
The extension "will give greater certainty and support to businesses as we restart the economy," said Trudeau.
Canada Latest News, Canada Headlines
Similar News:You can also read news stories similar to this one that we have collected from other news sources.
Source: Feds are taking extra precautions to prevent Ghislaine Maxwell suicideFederal authorities are aiming for Maxwell to avoid the same end as her accomplice last year
Read more »
Restaurant industry calls for changes to federal wage subsidy to keep workers employedRestaurants Canada is calling for the federal wage subsidy to remain available as long as restrictions are in place for businesses and to gradually reduce as revenues increase.
Read more »
What Is Real And What Is Cake? This Is The New Existential CrisisIt's hard to tell what's cake and what's not until you cut into it.
Read more »
Tories Want Trudeau To Testify At Committee On WE Charity ScandalThe government had enlisted the organization to administer a $900-million program.
Read more »
Source: Feds are taking extra precautions to prevent Ghislaine Maxwell suicideFederal authorities are aiming for Maxwell to avoid the same end as her accomplice last year
Read more »