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

Trudeau says wage-subsidy program to be extended as steep job losses continue

Trudeau says wage-subsidy program to be extended as steep job losses continue
Prime Minister Justin Trudeau says the federal government's emergency wage-subsidy program will be extended beyond its early-June endpoint. The program covers 75 per cent of worker pay up to $847 a week to try to help employers keep employees on the job in the face of steep declines in revenue due to the COVID-19 pandemic.

Trudeau says wage-subsidy program to be extended as steep job losses continue

Huge job losses in B.C. indicate a 'hard road ahead': finance minister

Huge job losses in B.C. indicate a 'hard road ahead': finance minister
British Columbia Finance Minister Carole James says she doesn't want to sugar coat what will be a hard road ahead as labour force figures show the province lost a quarter of a million jobs in April. Combined with jobless figures in March, almost 400,000 people were unemployed.

Huge job losses in B.C. indicate a 'hard road ahead': finance minister

Canadians trust doctors, scientists and government more since pandemic began

Canadians trust doctors, scientists and government more since pandemic began
A new survey suggests the COVID-19 pandemic has given Canadians almost absolute trust in doctors. The Proof Strategies annual trust index is usually completed in January but when Canada went into a nationwide lockdown to slow the spread of the novel coronavirus the public-relations firm decided to ask the same questions again in early May.    

Canadians trust doctors, scientists and government more since pandemic began

Greyhound Canada to shut down temporarily all bus routes as ridership plunges

Greyhound Canada to shut down temporarily all bus routes as ridership plunges
Greyhound Canada is temporarily slamming the brakes on all of its bus routes and services as ridership plummets amid the COVID-19 pandemic. The transportation company says starting May 13 it will halt all routes until passenger demand recovers. 

Greyhound Canada to shut down temporarily all bus routes as ridership plunges

Canadian Forces still unsure how to raise helicopter that crashed

Canadian Forces still unsure how to raise helicopter that crashed
The Canadian military is still determining how to raise the wreckage of a military helicopter that crashed into the Mediterranean Sea last week, Defence Minister Harjit Sajjan said Thursday. The crash killed six members of the Canadian Forces, though the remains of only one, Sub-Lt. Abbigail Cowbrough, have been recovered.

Canadian Forces still unsure how to raise helicopter that crashed

Feds to partly cover 'top ups' for front-line workers on minimum wage

Feds to partly cover 'top ups' for front-line workers on minimum wage
Prime Minister Justin Trudeau says the federal government, provinces and territories will spend $4 billion to increase the wages of essential workers in the COVID-19 pandemic. He says the details are still to be finalized with some provinces.  

Feds to partly cover 'top ups' for front-line workers on minimum wage