Close X
Monday, November 25, 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

Numbers of large wild Atlantic salmon dipped to near historic lows in 2019

Numbers of large wild Atlantic salmon dipped to near historic lows in 2019
The Atlantic Salmon Federation's annual "State of Wild Atlantic Salmon Report" released today indicates returns for large salmon were the third lowest in the past five decades.

Numbers of large wild Atlantic salmon dipped to near historic lows in 2019

Trudeau launches student support, defends fiscal record after credit-rating cut

Trudeau launches student support, defends fiscal record after credit-rating cut
Prime Minister Justin Trudeau defended his government's fiscal record on Thursday as it launched several new programs promising billions of dollars in new support for students.

Trudeau launches student support, defends fiscal record after credit-rating cut

'First of its kind' Indigenous reconciliation position announced at B.C. university

'First of its kind' Indigenous reconciliation position announced at B.C. university
The new reconciliation librarian at the University of Victoria says he hopes his unique role will help Canadians better understand Indigenous culture and what they have faced through history.

'First of its kind' Indigenous reconciliation position announced at B.C. university

Motorcade procession planned for four military members killed in crash

Motorcade procession planned for four military members killed in crash
A motorcade procession for four of the six Canadian Armed Forces members killed in a military helicopter crash in the Mediterranean Sea in April is planned for this evening in Halifax.

Motorcade procession planned for four military members killed in crash

Former Finance Director of the Abbotsford Police Department being investigated for fraud

Former Finance Director of the Abbotsford Police Department being investigated for fraud
The Ex Finance Director of the Abbotsford Police Board has been ordered by the courts to pay back more than $300,000 that was stolen over a span of a decade. The civil court ruling against Shelley Dallas Mickens on Sept. 15 in B.C. Supreme Court in Vancouver.

Former Finance Director of the Abbotsford Police Department being investigated for fraud

Surrey’s Sensory Friendly Spaces Program Receives Honours

Surrey’s Sensory Friendly Spaces Program Receives Honours
On June 22, British Columbia Recreation and Parks Association (BCRPA) honoured the City of Surrey with a provincial 2020 Program Excellence Award for its Sensory Friendly Spaces Program.

Surrey’s Sensory Friendly Spaces Program Receives Honours