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

Sights Unseen Since Partition? What is Modi Doing As Thousands Flee Cities on Foot? #covid19

Sights Unseen Since Partition? What is Modi Doing As Thousands Flee Cities on Foot? #covid19
Migrant workers suffering during COVID-19 as they are killed while travelling on foot to get back to their home towns and villages. 

Sights Unseen Since Partition? What is Modi Doing As Thousands Flee Cities on Foot? #covid19

Vancouver cuts one per cent from police budget

Vancouver cuts one per cent from police budget
City council is cutting the Vancouver police and fire budgets by one per cent despite protests from the police board that its services shouldn't be reduced during the COVID-19 pandemic.

Vancouver cuts one per cent from police budget

VPD investigates spike in arsons

VPD investigates spike  in arsons
Vancouver Police have seen a significant increase in arson reports citywide and are asking the public to stay vigilant.

VPD investigates spike in arsons

Ottawa announces $470 M for fish harvesters with sector-specific grant, benefit

Ottawa announces $470 M for fish harvesters with sector-specific grant, benefit
Ottawa has announced $470 million in federal support for fish harvesters who have been ineligible for other aid initiatives during the COVID-19 pandemic.

Ottawa announces $470 M for fish harvesters with sector-specific grant, benefit

National parks, historic sites partly reopening June 1, but no camping yet

National parks, historic sites partly reopening June 1, but no camping yet
Some of Canada's national parks and historic sites will reopen for partial use next month but only in places where it is considered safe to do so.

National parks, historic sites partly reopening June 1, but no camping yet

Bank of Canada warns in report of business, household debt from COVID-19

Bank of Canada warns in report of business, household debt from COVID-19
The Bank of Canada says there are signs in the country's financial markets that suggest concern about the ability of companies to weather the COVID-19 economic crisis.

Bank of Canada warns in report of business, household debt from COVID-19