Wage subsidy extended to end of August, changes coming to eligibility
Prime Minister Justin Trudeau announced the extension in his daily briefing Friday (May 15).
He also says the federal government will be looking at the 30% revenue decline requirement noting that should not be a barrier for businesses to receive the subsidy.
Speaking directly to employers Trudeau said, “You now have some runway to catch your breath before you get started so please bring back your employees.”
The Canada Emergency Wage Subsidy provides employers with 75% of employee’s salaries up to $847 per employee, per week.
Trudeau also announced that people receiving the Canada Child Benefit and GST cheques should try to file their taxes by the June 1st deadline, but if they cannot, those programs will automatically renew until September.
Trudeau also announced $450 million in funding for Canadian researchers Friday who have seen their labs closed and work halted because it is not COVID-19 related.
That funding includes a temporary wage subsidy to avoid layoffs.