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Trudeau Government Extends Wage and Rent Subsidy Amounts Through to June

Darpan News Desk Government of Canada, 03 Mar, 2021 08:59 PM
  • Trudeau Government Extends Wage and Rent Subsidy Amounts Through to June

The Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support have helped protect millions of Canadian jobs and supported businesses of every size across Canada through the COVID-19 pandemic.

Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, announced that the government intends to extend the current rate structures for these subsidies from March 14 to June 5, 2021. Specifically:

      • the maximum wage subsidy rate for active employees would remain at 75 per cent;
      • the maximum rent subsidy rate would remain at 65 per cent; and
      • Lockdown Support would remain at 25 per cent and continue to be provided in addition to the rent subsidy, providing eligible hard hit businesses with rent support of up to 90 per cent.

 

These extensions would provide certainty and continued support for workers, businesses and other affected organizations in the face of ongoing challenges presented by the pandemic. With regard to furloughed employees, the government intends to continue to align the wage subsidy rate structure with the benefits provided through the Employment Insurance program from March 14 to June 5, 2021. This means employers who qualify for the wage subsidy would be able to continue to claim up to a maximum benefit of $595 per week per employee to support remuneration of their furloughed workers.

Deputy Prime Minister Chrystia Freeland “Workers and businesses have showed incredible resilience over the past year, especially through this difficult winter, and today’s announcement makes clear that they can continue to rely on their government to be there for them, every step of the way. With variants in Canada and many regions still under lockdown, we are giving workers and businesses the certainty they need that strong government support will be there to get them through this crisis and ensure they come out strong.”

Through the pandemic, applicants have demonstrated revenue declines by comparing revenue to the previous year. Given that we are approaching a full year of the COVID-19 pandemic, the government is today announcing that applicants would be able to continue to use a pre-pandemic 2019 reference month, effective for the upcoming periods from March 14 to June 5, 2021.

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