Sunday, June 20, 2021
ADVT 
National

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.

MORE National ARTICLES

PM 'optimistic' that vaccine timeline can move up

PM 'optimistic' that vaccine timeline can move up

He says that by the end of the month, Canada should receive more than the 6 million doses of COVID-19 vaccines it initially expected.

PM 'optimistic' that vaccine timeline can move up

Federal funding for 100 new research projects

Federal funding for 100 new research projects

Prime Minister Justin Trudeau announced $518 million Wednesday he says will support the work of nearly 1,000 researchers.

Federal funding for 100 new research projects

Fraser Health declares COVID-19 outbreak at Cindrich Elementary School in Surrey

Fraser Health declares COVID-19 outbreak at Cindrich Elementary School in Surrey

An individual at the school tested positive for a COVID-19 variant of concern. Only those staff and students who have been identified as close contacts need to be tested and have been contacted.

Fraser Health declares COVID-19 outbreak at Cindrich Elementary School in Surrey

B.C. auditor general raises accounting concerns

B.C. auditor general raises accounting concerns

Pickup outlined Tuesday what he describes as a nine-year accounting difference of opinion his office has with B.C. over the way federal funds for capital projects are added to the province's annual budget totals.

B.C. auditor general raises accounting concerns

438 new COVID19 cases for Tuesday

438 new COVID19 cases for Tuesday

There are two new COVID deaths in BC. There have been 1365 deaths in BC connected to the virus.

438 new COVID19 cases for Tuesday

B.C. brings rapid response teams to schools

B.C. brings rapid response teams to schools

The government says in a statement the teams will work with staff at schools, school districts and health authorities to review significant exposures to the virus.

B.C. brings rapid response teams to schools