Close X
Saturday, November 23, 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

30 year old South Asian man killed on Monday seen a valued member of the community

30 year old South Asian man killed on Monday seen a valued member of the community
The 30-year-old man who was shot and killed in Vancouver's Punjabi Market on Monday has received kudos from the Vancouver Punjabi Market on their Instagram page.

30 year old South Asian man killed on Monday seen a valued member of the community

Bank of Canada says rates will stay low for a long time.

Bank of Canada says rates will stay low for a long time.
The Bank of Canada left its key interest rate unchanged at 0.25% and says it is likely to remain at that level for at least two years as the economy gradually recovers from the coronavirus pandemic and measures to contain it.

Bank of Canada says rates will stay low for a long time.

Body found after fire in Langley, B.C.: RCMP

Body found after fire in Langley, B.C.: RCMP
Police are investigating after a body was found in a wooded area on the boundary between Langley, B.C., and Surrey on Wednesday morning.

Body found after fire in Langley, B.C.: RCMP

Feds urged to review Alberta coal mine project

Feds urged to review Alberta coal mine project
A lawyer at the centre of a lobbying effort to stop a coal mine from expanding in Alberta says the federal government's refusal to do its own environmental review of the project is the ultimate in "climate hypocrisy."

Feds urged to review Alberta coal mine project

Proposed deal reached in B.C. foster care case

Proposed deal reached in B.C. foster care case
A proposed settlement agreement has been reached in the case of a British Columbia government guardian, who is alleged to have stolen hundreds of thousands of dollars from vulnerable foster children.

Proposed deal reached in B.C. foster care case

Charities awaiting word on $912M program

Charities awaiting word on $912M program
Non-profit groups that wanted to use Canada Student Services Grant to hire volunteers say they have not heard a peep from the federal government since WE Charity walked away from managing the $912-million program almost two weeks ago.

Charities awaiting word on $912M program