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

Surrey addictions officials say pandemic funding is wreaking havoc on those in recovery

Governments’ kindness taking its toll, recovery operators say

Safe Surrey under fire for ‘sickening’ social media posts accusing RCMP of murder

Mayor Doug McCallum says tweet, Facebook post ‘sent out by unauthorized person’

Surrey RCMP look for missing man

Tyler Ridout, 36, last seen near Balsam Crescent and 136th Street

Fraser Valley Regional Library branches offer curbside pick up

After two and a half months of being closed, people can once again check books out of the library

11 new COVID-19 cases in B.C. as top doc urges caution amid ‘encouraging’ low rates

Dr. Bonnie Henry also announced that two care home outbreaks would be declared over

Father’s Day Walk Run for prostate cancer will be virtual event this year throughout B.C.

The annual fundraiser for Prostate Cancer Foundation BC has brought in $2.5 million since 1999

Dr. Bonnie Henry announces official ban on overnight kids’ camps this summer

New ban comes after talking with other provincial health officials across the country, Henry says

Senior man in hospital after unprovoked wolf attack near Prince Rupert

Conservation officers are on site looking for the wolf

Facing changes together: Your community, your journalists

Importance of accurate, ethical reporting more critical than ever

VIDEO: NASA astronauts blast off into space on SpaceX rocket

Marks NASA’s first human spaceflight launched from U.S. soil in nearly a decade

‘I knew what he wanted’: Kootenay man spends hours in tree as black bear patrols below

Francis Levasseur is no stranger to the outdoors, but a recent run-in with a bear caused quite a scare

B.C.’s police watchdog probing death of Richmond man in alleged shoplifting incident

Independent Investigations Office of B.C. is asking any witnesses to come forward

PHOTOS: U.S. cities brace for increasing unrest over police killing of George Floyd

Minnesota Gov. Tim Walz has fully mobilized the state’s National Guard

Most Read