Prime Minister Justin Trudeau. (Photo by THE CANADIAN PRESS)

COVID-19 emergency wage subsidy benefit to be extended three more months

Prime Minister Justin Trudeau also says that eligibility requirements are also expected to be broadened

The federal government’s 75 per cent emergency wage subsidy program will be extended another three months, until the end of August, Prime Minister Justin Trudeau announced Friday (May 15).

“You now have some runway to catch your breath as you get started, so please, bring back your employees,” Trudeau told businesses from outside Rideau Cottage in Ottawa.

Finance Minister Bill Morneau is also expected to detail later Friday how eligibility for the wage subsidy program will be broadened.

Under the program, the federal government is currently picking up the tab for 75 per cent of an eligible company’s payroll — up to a maximum of $847 per week per employee — retroactive to March 15.

Eligible companies are those that saw revenues drop by 15 per cent in March or 30 per cent in April and May.

ALSO READ: Here’s a phase-by-phase look at how B.C. hopes to re-open parts of society

The government has billed the subsidy as the largest economic program since the Second World War, with the cost pegged at $73 billion.

But so far, it has paid out only $3.4 billion for some 1.7 million workers.

Meanwhile, 7.5 million Canadians have received Canadian Emergency Response Benefit payments so far.

More to come.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

CoronavirusJustin Trudeau

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Artists lined up as Duncan gallery gets ready to reopen

“Our window displays for June showcase the work of some of the Island’s finest artists”

Mary Lowther column: Sometimes life gets in the way of gardening

The cover crop of winter rye still waves at me from the garden

Sarah Simpson Column: Siblings are the best (and the worst, by default)

If my brother-in-law wanted a walk, he was going to have to work for it.

Maple Bay animator helps lead Netflix’s ‘The Willoughbys’

Family comedy with A-list voices has Cowichan Valley ties

CVRD may have to delay 11 capital projects scheduled for 2020

More than 50 of the 81 projects are complete or are schedule for the year

VIDEO: B.C. dentist gets grand welcome home after two months in hospital fighting COVID-19

Michael Chow was given a surprise send off by hospital staff and ‘welcome home’ from neighbours

List of cancelled Cowichan Valley community events

An ongoing list of events that have been cancelled in the Cowichan Valley due to COVID-19

‘Like finding a needle in a haystack’: Ancient arrowhead discovered near Williams Lake

The artifact is believed to be from the Nesikip period between 7,500 BP to 6,000 BP

Indigenous families say their loved ones’ deaths in custody are part of pattern

Nora Martin joins other Indigenous families in calling for a significant shift in policing

Friends, family mourn Salt Spring Island woman killed in suspected murder-suicide

A GoFundMe campaign has been launched for Jennifer Quesnel’s three sons

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Indigenous chief alleges RCMP beat him during arrest that began over expired licence plate

Athabasca Chipewyan Chief Allan Adam calling for independent investigation

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

UPDATED: Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park arrested

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Most Read