Close X
Friday, November 29, 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

Surrey City development corporation assets and activities to be transferred to City of Surrey.

Surrey City development corporation assets and activities to be transferred to City of Surrey.
    Surrey City Council has voted to dissolve Surrey City Development Corporation (SCDC), a for-profit development company owned by the City, and transfer its assets and operations over to the City of Surrey.  

Surrey City development corporation assets and activities to be transferred to City of Surrey.

SickKids doctors expect safe return to school for Ontario students in September

SickKids doctors expect safe return to school for Ontario students in September
Medical experts from Toronto's SickKids Hospital say children in Ontario should be able to return to school in September, even though the novel coronavirus that causes COVID-19 likely won't be eradicated by then.

SickKids doctors expect safe return to school for Ontario students in September

Don't fall for COVID-19 student loan relief scams

Don't fall for COVID-19 student loan relief scams
Student loan borrowers were targets for scams before the coronavirus pandemic hit. The longer people struggle, the more desperate they become, and that’s when scammers and fraudsters thrive.

Don't fall for COVID-19 student loan relief scams

DFO rolls out funds for fish and seafood sector in response to COVID-19

DFO rolls out funds for fish and seafood sector in response to COVID-19
The federal government will soon start taking applications for funding to help the Canadian fish and seafood sector cope with the impacts of COVID-19.

DFO rolls out funds for fish and seafood sector in response to COVID-19

Coastal GasLink set to lay first pipe as it ramps up LNG pipeline construction

Coastal GasLink set to lay first pipe as it ramps up LNG pipeline construction
Coastal GasLink says it is ready to launch its summer construction program in British Columbia, which will see the first section of pipe buried in the ground next month.

Coastal GasLink set to lay first pipe as it ramps up LNG pipeline construction

Surrey RCMP investigating suspicious death after woman dropped off at hospital

Surrey RCMP investigating suspicious death after woman dropped off at hospital
The RCMP are investigating the death of a woman who was dropped off at a hospital in Surrey, B.C., Wednesday morning with serious injuries.

Surrey RCMP investigating suspicious death after woman dropped off at hospital