BREAKING: PM Trudeau says wage subsidy being extended to end of August, eligibility expanding cdnpoli
OTTAWA -- Prime Minister Justin Trudeau says the 75 per cent federal wage subsidy program is being expanded by three months, to the end of August. The federal government is also expanding the eligibility for the financial aid program, and is committing $450 million towards temporary wage assistance for medical researchers whose work is unrelated to COVID-19 but has been impacted by the pandemic.
Now, Trudeau says with a lot of places looking to reopen, they need to be able to bring back workers or hire additional staff to accommodate the changed reality COVID-19 and the public health prevention measures require. The subsidy is on the first $58,700 of an employee’s salary, providing up to $847 a week per employee and, as it was implemented, it was set to be in place for 12 weeks, retroactive to March 15, for businesses and charities.The subsidy was implemented to incentivize employers to keep staff on the payroll or bring back those who were laid off because the business couldn’t afford to keep them on while shut down.
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