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

Promising summer after lacklustre spring, Weather Network predicts

Promising summer after lacklustre spring, Weather Network predicts
Most Canadians may have missed out on spring, but one of the country's most prominent weather forecasters says they'll likely get to enjoy a more seasonal summer.

Promising summer after lacklustre spring, Weather Network predicts

Trans Mountain reaches 'key milestone' as pipeline construction begins in B.C.

Trans Mountain reaches 'key milestone' as pipeline construction begins in B.C.
Trans Mountain says it has reached another "key milestone" in the project to triple capacity of a pipeline moving oil from the Edmonton area to port in Burnaby, B.C.

Trans Mountain reaches 'key milestone' as pipeline construction begins in B.C.

Linda Seymour named new president and chief executive of HSBC Canada

Linda Seymour named new president and chief executive of HSBC Canada
HSBC Canada says Linda Seymour has been appointed as the bank's president and chief executive, effective Sept. 1.

Linda Seymour named new president and chief executive of HSBC Canada

Senior Punjabi NRI couple from Canada murdered in Phagwara

Senior Punjabi NRI couple from Canada murdered in Phagwara
A NRI couple from Canada was allegedly murdered with sharp weapons at their home in Onkar Nagar on Saturday night. The SSP said the deceased couple has been identified as Kirpal Singh Minhas (67) and his wife Davinder Kaur (65).

Senior Punjabi NRI couple from Canada murdered in Phagwara

Progressive Intercultural Community Services Society (PICS) honored to accept in-kind donations in the amount of nearly $100,000 from IKEA Canada.

Progressive Intercultural Community Services Society (PICS) honored to accept in-kind donations in the amount of nearly $100,000 from IKEA Canada.
Progressive Intercultural Community Services Society (PICS) has been honored to accept in-kind donations in the amount of nearly $100,000 from IKEA Canada. This initiative is part of IKEA’s commitment to provide approximately $2.3M in product and supply donations to support local communities impacted by the COVID-19 pandemic.

Progressive Intercultural Community Services Society (PICS) honored to accept in-kind donations in the amount of nearly $100,000 from IKEA Canada.

Vancouver's Punjabi market marks its 50th anniversary on May 31

Vancouver's Punjabi market marks its 50th anniversary on May 31
Vancouver's iconic Punjabi Market on Main Street celebrates its 50th anniversary as a symbol of heritage and culture in the Lower Mainland. 

Vancouver's Punjabi market marks its 50th anniversary on May 31