Thursday, December 25, 2025
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

Canada focused on fighting COVID-19 Trudeau steers clear of WHO controversy

Prime Minister Justin Trudeau refused Wednesday to join the escalating global debate about the World Health Organization's handling of the COVID-19 crisis, insisting Canada remains focused on working with experts around the world to combat the pandemic. Trudeau repeatedly batted back questions about Donald Trump's plan to halt funding to the UN agency and review what the U.S. president says was a failure to properly assess the threat posed by the novel coronavirus back in January.

Canada focused on fighting COVID-19 Trudeau steers clear of WHO controversy

With strong control measures, the federal public health agency projects that 11,000 to 22,000 Canadians could die of COVID-19 in the coming months

Canada could see the end of the first wave of the COVID-19 epidemic before autumn, according to federal projections, but only if strong physical distancing measures are strictly maintained the whole time. Even in that best-case scenario, the federal public health agency projects that a total of 4,400 to 44,000 Canadians could die of COVID-19 in the coming months.    

With strong control measures, the federal public health agency projects that 11,000 to 22,000 Canadians could die of COVID-19 in the coming months

Canada lost more than a million jobs in March, but April may be even worse

The Canadian economy lost an unprecedented one million jobs in March — the worst recorded single-month change — as the COVID-19 crisis began to take hold, lifting the unemployment rate to 7.8 per cent, Statistics Canada reported Thursday. The loss is eight times worse than the previous one-month record, yet economists warned it will likely be even worse in April, when the impact of physical distancing practices and other measures became clearer and millions of Canadians began receiving emergency federal aid.

Canada lost more than a million jobs in March, but April may be even worse

The latest numbers on COVID-19 in Canada

Total number of cases broken down by province and the total number right across the country. 

The latest numbers on COVID-19 in Canada

BC Finance Minister Carole James projecting a grim outlook of the job market in the wake of COVID-19

BC Finance Minister Carole James projecting a grim outlook of the job market in the wake of COVID-19
B.C. Finance Minister Carole James says the province lost 132,000 jobs last month, but it's going to get worse before it gets better due to the COVID-19 pandemic. She says the latest Statistics Canada Labour Force numbers indicate B.C.'s jobless rate rose to 7.2 per cent from five per cent in March.

BC Finance Minister Carole James projecting a grim outlook of the job market in the wake of COVID-19

PM Justin Trudeau feels normalcy can only return with a vaccine in the COVID-19 Pandemic

Canadian Prime Minister Justin Trudeau says while he hopes to spend some time with his family this Easter weekend, his focus is on getting new emergency aid legislation passed. He says discussions with opposition parties continue on the bill, which backs up the new wage subsidy program. Trudeau says it is important to debate the democratic processes that could be put in place in the COVID-19 era, which the opposition wants to have.    

PM Justin Trudeau feels normalcy can only return with a vaccine in the COVID-19 Pandemic