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

North and Central Okanagan on flood watch

Kalamalka Lake users are asked to take measure to reduce the risk… Continue reading

Okanagan-shot film “The Colour Rose” wins two cinematography awards

Locations in the Okanagan were used such as; The Casorso residence, BNA, Father Pandosy, Venture Academy and Idabel Lake Resort

Kelowna Rockets Alumni Leon Draisaitl crowned NHL scoring champ

Draisaitl captures the Art Ross Trophy with 110 points in 71 games played

Impaired drivers kept Kelowna RCMP busy last weekend

Twenty-nine separate driving prohibitions were issued by local cops over the weekend

Kelowna Museum Society documents local history during COVID-19

KMS inviting the general public to be involved in documenting COVID-19’s impact on Kelowna

B.C. legislature coming back June 22 as COVID-19 emergency hits record

Pandemic restrictions now longer than 2017 wildfire emergency

B.C. sees 9 new COVID-19 cases, one death as officials watch for new cases amid Phase Two

Number of confirmed active cases is at 244, with 37 people in hospital

Partial return to class for Central Okanagan students: COVID-19

School District 23 and the Board of Education have released a letter regarding returning to class

Penticton may soon allow drinking alcohol in some public places

Trying to inconspicuously drink on the beach could become a thing of the past

VIDEO: Flowers stolen from Vernon distillery

Okanagan Spirits Craft Distillery captured surveillance footage of the thief in a black car

Unique ‘the Wedge’ development makes way back to Kelowna council

Council initially deferred its decision on the project in March

Nanaimo senior clocked going 50 km/hr over limit says her SUV shouldn’t be impounded

RCMP say they can’t exercise discretion when it comes to excessive speeding tickets

Parks, camping and buildings will open in Princeton June 1

The first day of June will be a big deal for Princeton.… Continue reading

RCMP report woman attacked on side of Shuswap road

Police say suspect identified but not located

Most Read