Saturday, December 27, 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

Quebec To Move All Lottery Ticket Sales Online To Avoid Spread Of COVID-19

Quebec To Move All Lottery Ticket Sales Online To Avoid Spread Of COVID-19
MONTREAL - Quebec's lottery corporation says it will soon sell lottery tickets only online amid fears of the novel coronavirus.

Quebec To Move All Lottery Ticket Sales Online To Avoid Spread Of COVID-19

Liquor Stores Adjust Hours In B.C. But Remain Open To Deal With Covid-19

VANCOUVER - Liquor stores in British Columbia are adjusting their hours but will remain open as Vancouver ordered restaurants to stop offering dine-in services at midnight on Friday.    

Liquor Stores Adjust Hours In B.C. But Remain Open To Deal With Covid-19

Call For Covid-19 Protective Equipment Spurs College, Distiller, TV Show To Help

VICTORIA - The novel coronavirus shut down the respiratory therapy program at Fanshawe College but that didn't stop the school from supplying much needed frontline equipment to fight COVID-19.

Call For Covid-19 Protective Equipment Spurs College, Distiller, TV Show To Help

'Unprecedented' Measures To Fight COVID-19 Continue As Cases Surpass 1,000

The federal government unveiled historic new measures to combat the COVID-19 pandemic on Friday, promising a sweeping revamp of the national industrial landscape while closing the country's doors to some who might once have been welcome.

'Unprecedented' Measures To Fight COVID-19 Continue As Cases Surpass 1,000

Retirees, Savers Should Stick To Financial Plan Despite Market Fall, Experts Say

Retirees, Savers Should Stick To Financial Plan Despite Market Fall, Experts Say
VANCOUVER - Near the end of 2018, Sheldon Petrie moved $40,000 into a self-directed registered retirement savings plan and watched his nest egg grow to about $55,000 at its peak. As of Thursday, Petrie's account had sunk by some $12,000 as markets plummeted amid the spread of the novel coronavirus.    

Retirees, Savers Should Stick To Financial Plan Despite Market Fall, Experts Say

Alberta Announces First Covid-19 Death, Looking Into Virus At Doctors' Bonspiel

Alberta Announces First Covid-19 Death, Looking Into Virus At Doctors' Bonspiel
Dr. Deena Hinshaw, Alberta's chief medical officer of health, said Thursday the curlers were part of a Western Canadian doctors bonspiel last Thursday through Saturday in Edmonton.    

Alberta Announces First Covid-19 Death, Looking Into Virus At Doctors' Bonspiel