Emergency COVID-19 wage subsidy program extended to end of August (CBC News)

From CBC News  – The government’s emergency wage-subsidy program will be extended to the end of August to help employers keep their workers on the payroll during the pandemic, Prime Minister Justin Trudeau said today.

The program — which covers 75 per cent of an eligible company’s payroll, up to a maximum of $847 per week per employee — originally was set to expire next month.

“You have some runway to catch your breath as you get restarted,” Trudeau said in his prepared remarks. “So please, bring back your workers.”

Companies that saw their revenues drop by 15 per cent in March or 30 per cent in April and May are eligible for the program — but Trudeau hinted changes could be coming to that threshold.

Read more at: https://www.cbc.ca/news/politics/wage-subsidy-covid-extension-1.5571140

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