Close X
Saturday, November 30, 2024
ADVT 
National

Liberals revise wage-subsidy program

Darpan News Desk The Canadian Press, 17 Jul, 2020 09:59 PM
  • Liberals revise wage-subsidy program

Finance Minister Bill Morneau says the Liberals are easing eligibility rules for the government's emergency wage subsidy and changing the amounts businesses can receive.

The government had been under pressure to make the subsidy more accessible, specifically by loosening the requirement of a 30 per cent drop in revenues, so more companies under that cut-off can qualify.

Speaking in Toronto, Morneau says the rules will be changed so amounts paid out will be proportional to revenue declines due to the COVID-19 pandemic.

The program is the heart of the Liberals' promise to help Canadians get back to work, even if has to be at a slower pace, as the pandemic wanes.

Morneau's fiscal update last week boosted the budget for the program to $82.3 billion from $45 billion in a sign of impending changes and an extension beyond this summer.

Morneau says the program will now end Dec. 19.

He's hoping the extension will give companies confidence to rehire workers, knowing what the rules are and that the program will be around for longer.

The most recent federal figures for the program show the government has given almost $20.4 billion in payroll help to about 262,200 companies.

The government's proposed changes to the wage subsidy are part of a bill that will be debated next week when the House of Commons sits, including a one-time disability payment and extensions to some court deadlines that were both in a bill that failed to pass the Commons in June.

Speaking in Ottawa on Friday afternoon, Employment Minister Carla Qualtrough said the bill will widen the number of recipients from those receiving a disability tax credit to include those receiving Canada Pension Plan disability payments or supports from Veterans Affairs Canada.

Each would receive a $600 one-time, tax-free payment, she said.

The legislation proposes offering the payment to anyone who applies for the disability tax credit within 60 days of Parliament approving the bill.

"This financial support matters. Canadians with disabilities can have confidence that we will bring this project past the finish line," said Qualtrough, who has responsibility for disability issues.

MORE National ARTICLES

COVID measures cut world greenhouse gas emissions by nearly a fifth: study

COVID measures cut world greenhouse gas emissions by nearly a fifth: study
A study says measures taken to fight the COVID-19 pandemic have resulted in greenhouse gas emissions going down worldwide by 17 per cent.

COVID measures cut world greenhouse gas emissions by nearly a fifth: study

New auditor general says office narrowing focus on federal COVID-19 programs

New auditor general says office narrowing focus on federal COVID-19 programs
The auditor general's office is narrowing its focus for an audit of key spending the Liberals have rolled out to cushion the economic blow from COVID-19, MPs were told as the government expanded a loan program to address concerns from small businesses left out of the aid.

New auditor general says office narrowing focus on federal COVID-19 programs

Facebook pays $9.5 million to end Competition Bureau's probe into privacy claims

Facebook pays $9.5 million to end Competition Bureau's probe into privacy claims
Facebook will pay $9.5 million in a no-contest agreement with the Competition Bureau, which says the social media company made false or misleading claims about how much control Canadians had over the privacy of their personal information.

Facebook pays $9.5 million to end Competition Bureau's probe into privacy claims

UN Security Council needs Canada post-pandemic, akin to Second World War: PM

UN Security Council needs Canada post-pandemic, akin to Second World War: PM
Prime Minister Justin Trudeau says Canada's bid for a seat on the United Nations Security Council is more relevant now because of the need to rebuild the world after the COVID-19 crisis subsides.

UN Security Council needs Canada post-pandemic, akin to Second World War: PM

'Good questions' being asked about safety of Snowbirds: Trudeau

'Good questions' being asked about safety of Snowbirds: Trudeau
Prime Minister Justin Trudeau paid tribute to members of the Canadian Armed Forces on Tuesday even as he acknowledged that "very good questions" are being asked about the safety of the Snowbirds following the aerobatics team's second plane crash in less than a year.

'Good questions' being asked about safety of Snowbirds: Trudeau

Scheer says no Taiwan at WHO a 'shame,' and that Trudeau support came late

Scheer says no Taiwan at WHO a 'shame,' and that Trudeau support came late
Conservative Leader Andrew Scheer lamented Taiwan's exclusion from key meetings of the World Health Organization, and he's branding the Liberal government as a Johnny-come-lately to that global push — one that has angered China.

Scheer says no Taiwan at WHO a 'shame,' and that Trudeau support came late