Prime Minister Justin Trudeau. (Photo by THE CANADIAN PRESS)

COVID-19 emergency wage subsidy benefit to be extended three more months

Prime Minister Justin Trudeau also says that eligibility requirements are also expected to be broadened

The federal government’s 75 per cent emergency wage subsidy program will be extended another three months, until the end of August, Prime Minister Justin Trudeau announced Friday (May 15).

“You now have some runway to catch your breath as you get started, so please, bring back your employees,” Trudeau told businesses from outside Rideau Cottage in Ottawa.

Finance Minister Bill Morneau is also expected to detail later Friday how eligibility for the wage subsidy program will be broadened.

Under the program, the federal government is currently picking up the tab for 75 per cent of an eligible company’s payroll — up to a maximum of $847 per week per employee — retroactive to March 15.

Eligible companies are those that saw revenues drop by 15 per cent in March or 30 per cent in April and May.

ALSO READ: Here’s a phase-by-phase look at how B.C. hopes to re-open parts of society

The government has billed the subsidy as the largest economic program since the Second World War, with the cost pegged at $73 billion.

But so far, it has paid out only $3.4 billion for some 1.7 million workers.

Meanwhile, 7.5 million Canadians have received Canadian Emergency Response Benefit payments so far.

More to come.


@ashwadhwani
ashley.wadhwani@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

CoronavirusJustin Trudeau

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Driver damages Chase playground after alleged pellet gun shooting

RCMP report vehicle drove through Memorial Park before coming to a stop

Salmon Arm’s Alexander Street to be open to foot traffic only on Saturdays

Downtown Salmon Arm announces plan to provide more space for restaurants, other businesses

Salmon Arm RCMP seek to reunite Fender guitar with owner

Police ask for owners of items to call detachment

Salmon Arm tackles cracked sidewalks, potholes, despite lack of 1-800 number

Replacing sidewalks isn’t cheap but city staff, politicians still want to hear about problems

Houseboat company partly owned by Shuswap MLA withdraws controversial ad

The ad welcomed houseboaters from other provinces, contradicting anti COVID-19 measures.

Kelowna couple pedalling past loss of sight

Pauline and Jim Marshall said it’s important to be patient with each other

COVID-19: B.C. too dependent on foreign food production workers

New B.C. job site links unemployed with farm, seafood work

Only 35 per cent of students returning to Vernon schools

Only 30 per cent of secondary students going back June 1 and 50 per cent of elementary

Princeton officially becomes ’Bronze Statue Capital of Canada’

“We are going to come out of this fine.” That’s the opinion… Continue reading

Kelowna man arrested for murder of Alberta man

A second man is also wanted in connection with the first degree murder of Cody Michaloski

LETTER: Summerland solar project should be reviewed

Questions raised about feasibility of proposed power project

New ‘smart city’ 5G technology to be installed in Kelowna next week

‘This is an exciting opportunity for Kelowna to build on the work we’re doing to bring smart city technologies to our city’ - Mayor Colin Basran

B.C. businesses ‘can’t shoulder burden’ of COVID-19 sick pay

Trudeau’s plan should be tied to federal emergency aid

Police investigating after hydrant hit by van in West Kelowna

The incident occurred around 5:40 p.m. near Boucherie Road

Most Read