Close X
Sunday, November 24, 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

No sign of payments for disabled Canadians

No sign of payments for disabled Canadians
Prime Minister Justin Trudeau's promise to provide a $600 payment to disabled Canadians to help with additional costs in the COVID-19 pandemic remains in limbo.

No sign of payments for disabled Canadians

BC Coroners Service investigates death of inmate

BC Coroners Service investigates death of inmate
The BC Coroners Service is investigating the death of an inmate at the Vancouver Island Regional Correctional Centre in Greater Victoria.

BC Coroners Service investigates death of inmate

Child-welfare reform needs provinces: Bellegarde

Child-welfare reform needs provinces: Bellegarde
National Chief Perry Bellegarde says provincial governments that want to cling to their jurisdiction over child welfare are the biggest barrier to implementing new legislation giving Indigenous communities control over their children's well-being.

Child-welfare reform needs provinces: Bellegarde

Charities say federal aid needed to survive

Charities say federal aid needed to survive
The federal Liberal government is facing growing calls to provide direct support to Canada's charity and non-profit sector as some of the country's best-known and largest organizations say they are struggling to survive because of COVID-19.

Charities say federal aid needed to survive

PBO costs basic income as calls for it grow

PBO costs basic income as calls for it grow
The parliamentary budget office says it could cost more than $98 billion to provide almost all Canadians with a basic income for six months beginning this fall.

PBO costs basic income as calls for it grow

Poll suggests opposition to airlines' plans

Poll suggests opposition to airlines' plans
A new poll suggests turbulence ahead for airlines seeking public support for their current COVID-19 plans.

Poll suggests opposition to airlines' plans