Close X
Tuesday, November 26, 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

Top Mountie in Kelowna transferred after videos show officer punching suspect

Top Mountie in Kelowna transferred after videos show officer punching suspect
The top Mountie in Kelowna, B.C., has been transferred to another job days after videos emerged of an officer punching a suspect. Supt. Brent Mundle is taking a new position with the senior management team of the force's Southeast Division based in the Okanagan city.

Top Mountie in Kelowna transferred after videos show officer punching suspect

Surrey RCMP say cases of child pornography have jumped more than double in a span of 3 years

Surrey RCMP say cases of child pornography have jumped more than double in a span of 3 years
Over the past three years, the Surrey RCMP Special Victims Unit has seen an increase in the number of child pornography related charges rising from 55 reports in 2017, to 122 reports in 2019. There has also been a persistent number of reports related to child luring, with 19 reports in 2017, 16 in 2018, and 18 in 2019.

Surrey RCMP say cases of child pornography have jumped more than double in a span of 3 years

Moment of crisis, unrest no time for U.S. to desert global partners: congressman

Moment of crisis, unrest no time for U.S. to desert global partners: congressman
The public health crisis gripping the world and civil unrest roiling cities across the United States are precisely why President Donald Trump should be embracing America's global friends and allies, not tearing down the rules-based international order, says a key member of the congressional committee that oversees global trade.

Moment of crisis, unrest no time for U.S. to desert global partners: congressman

Limit gun capacity to five bullets, victims group urges Trudeau government

Limit gun capacity to five bullets, victims group urges Trudeau government
As the government prepares new gun-control legislation, a victims group says magazine capacity should be limited to five bullets for all firearms to reduce the damage a mass shooter can do.

Limit gun capacity to five bullets, victims group urges Trudeau government

Canadians living in China watch developments in Meng case closely

Canadians living in China watch developments in Meng case closely
Canadian teacher Christopher Maclure remembers the first time he felt afraid living in China. Almost all the newspapers there carried stories about how angry Chinese officials were when Huawei's chief financial officer Meng Wanzhou was detained by Canadian authorities in Vancouver at the behest of the United States.

Canadians living in China watch developments in Meng case closely

Health officials concerned mass gatherings could become breeding grounds for COVID-19

Health officials concerned mass gatherings could become breeding grounds for COVID-19
Mass Protests Become Breeding Grounds for COVID-19 George Floyd was found to be COVID-19 positive at the time of his DEATH. What Does that mean to #BlackLivesMAtter Protests #Worldwide.

Health officials concerned mass gatherings could become breeding grounds for COVID-19