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

Alberta licence plates become targets for COVID-19 fears in some B.C. towns

Alberta licence plates become targets for COVID-19 fears in some B.C. towns
Some British Columbia communities are urging residents to show kindness during the COVID-19 pandemic following media reports of confrontations and rudeness shown to people driving vehicles with out-of-province licence plates.

Alberta licence plates become targets for COVID-19 fears in some B.C. towns

B.C. records highest overdose death toll for one month in May

B.C. records highest overdose death toll for one month in May
British Columbia has recorded the highest number of illicit drug overdose deaths in a single month, reaching the grim milestone in May. The coroners service says 170 people died in May, compared with 76 deaths in February as concentrations of the deadly opioid fentanyl have increased.

B.C. records highest overdose death toll for one month in May

Politicians urged to collaborate on pandemic benefit for disabled Canadians

Politicians urged to collaborate on pandemic benefit for disabled Canadians
Federal politicians are being urged to work together to help Canadians with disabilities weather the COVID-19 crisis.

Politicians urged to collaborate on pandemic benefit for disabled Canadians

Federal prison chaplains escalate fight for collective agreement

Federal prison chaplains escalate fight for collective agreement
Federal prison chaplains are stepping up a bid to negotiate their first collective agreement to secure better wages and working conditions.

Federal prison chaplains escalate fight for collective agreement

Military spending needed more now than ever, top defence official says

Military spending needed more now than ever, top defence official says
The Defence Department's top civilian official is touting the importance of continued investments in the Canadian Armed Forces, and says she has received no indications the Liberal government is planning to cut spending because of the COVID-19 crisis.

Military spending needed more now than ever, top defence official says

Ottawa commits $133M in further aid for Indigenous businesses

Ottawa commits $133M in further aid for Indigenous businesses
Ottawa will spend a further $133 million on helping Indigenous businesses suffering the economic effects of the COVID-19 pandemic.

Ottawa commits $133M in further aid for Indigenous businesses