Close X
Wednesday, December 4, 2024
ADVT 
National

PM Trudeau says nearly 10,000 businesses apply for wage subsidy in first hours

Darpan News Desk The Canadian Press, 27 Apr, 2020 06:10 PM
  • PM Trudeau says nearly 10,000 businesses apply for wage subsidy in first hours

Prime Minister Justin Trudeau says nearly 10,000 businesses have applied for the federal government's wage-subsidy program to help them deal with the COVID-19 pandemic. The emergency measure will cover 75 per cent of wages for employers that have seen sharp declines in revenue since the novel coronavirus hit Canada hard in March, up to $847 per worker.

Applications opened early this morning and payments can be retroactive to the middle of March. Trudeau says money under the program will start flowing by May 7. It may take longer for the money to arrive for companies that aren't signed up for direct deposit with the Canada Revenue Agency.

Survey results released this morning by the Canadian Federation of Independent Business, which represents thousands of small businesses in the country, suggests that half will apply for the wage subsidy.

In a release, the CFIB says many companies still have questions about what wages can be covered, who is eligible and how to bring back laid-off employees before receiving the subsidy payments.

Officials have been unable to say how many workers currently receiving the Canada Emergency Response Benefit may be rehired through the wage subsidy, but Trudeau is reminding workers they can't receive financial help from both programs at the same time.

What that means if that some people may have to pay back whatever they received through the $2,000-a-month CERB if the wage subsidy covers the same time period.

So far, the CERB has paid out $24.25 billion in payments to 7.28 million unique applicants for the program, based on the latest figures posted this morning by the federal government.

MORE National ARTICLES

BC Farmers’ Markets Online Opening Soon

The B.C. government is providing $55,000 to the BCAFM to cover fees for individual farmers markets to join the online platform and set up their digital market store presence. Each participating farmers market will create its own virtual market store to best serve its communities.    

BC Farmers’ Markets Online Opening Soon

Chilliwack Homicide Victim ID'd; Info Sought From Witnesses

Chilliwack Homicide Victim ID'd; Info Sought From Witnesses
The Integrated Homicide Investigation Team (IHIT) is calling on the public to help further the ongoing investigation of the homicide of Stuart Schellenberg in Chilliwack, B.C.    

Chilliwack Homicide Victim ID'd; Info Sought From Witnesses

Vancouver Police Say They're Working To Prevent Property Crime

Vancouver Police are taking significant measures to combat property crime while local and provincial measures are in place to address the spread of COVID-19.

Vancouver Police Say They're Working To Prevent Property Crime

Do Not Be Alarmed If You See Burnaby Police Wearing Masks And Protective Eyewear

As everyone continues to adapt to the current reality due to COVID-19, Burnaby RCMP wants members of our community to know of some differences that may take place when our officers respond to calls for service.

Do Not Be Alarmed If You See Burnaby Police Wearing Masks And Protective Eyewear

Delta Police Department Restricting Public Access To Buildings

Delta Police Department Restricting Public Access To Buildings
As part of ongoing efforts to ensure that the Delta Police Department is able to maintain operational readiness during the COVID-19 pandemic

Delta Police Department Restricting Public Access To Buildings

Trudeau Seeking U.S. Decision On Troops At Border; Calls Possibility A Mistake

Trudeau Seeking U.S. Decision On Troops At Border; Calls Possibility A Mistake
OTTAWA - Prime Minister Justin Trudeau said Friday it would be a mistake for the United States to position troops near the Canadian border.    

Trudeau Seeking U.S. Decision On Troops At Border; Calls Possibility A Mistake