Prime Minister Justin Trudeau speaks during his daily press conference on the COVID-19 pandemic, outside his residence at Rideau Cottage in Ottawa, on Friday, April 24, 2020. THE CANADIAN PRESS/Justin Tang

More than 10,000 businesses apply for wage subsidy on opening morning: Trudeau

Program will cover up to 75% of each employee’s salary

More than 10,000 businesses have already applied to Canada’s wage subsidy program on the morning it launched, Prime Minister Justin Trudeau said Monday (April 27).

Businesses who lost at least 15 per cent of their revenue in March can qualify for the first month of the subsidy, which will cover 75 per cent of each employee’s salary up to $847 per week. Companies are asked to fill in the remaining 25 per cent and Ottawa has said harsh penalties will apply to companies who misuse the funds.

Following March, businesses must show a loss of 30 per cent per month, typically compared to the year before. The program will be retroactive from March 15 and is scheduled to run for 12 weeks.

Trudeau said the first payments will flow on May 7 via the Canada Revenue Agency.

Employees who receive the wage subsidy will be disqualified from receiving the Canada emergency response benefit (CERB), a $2,000 per month payment for out-of work Canadians.

Trudeau acknowledged that in the rush to roll out both the emergency benefit and the wage subsidy, some workers could end up double-dipping.

“When the CERB came in, many people didn’t know if they would get the wage subsidy,” he said.

“If people are now getting wage subsidy [now] they shouldn’t reapply for CERB.”

The prime minister said anyone who is getting both, for the same time periods, will have to pay one back.

Another program, a $1,250 monthly payment for students, will be discussed by Parliament on Tuesday.

To apply for the wage subsidy, businesses can visit: https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-how-apply.html.

READ MORE: Businesses can apply for wage subsidy April 27, calculate payments on new website

READ MORE: Trudeau says too early to discuss ‘immunity passports’ for people recovered from COVID


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

CanadaCoronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Compromise reached for South Surrey seniors’ balcony-exercise program

‘In these stressful times anyone that can spread a little joy should be praised not condemned’

Protect kids from online predators: Surrey RCMP

Reports of child porn increased between 2017 and 2019, police say

Surrey RCMP sees increase in reported robberies through ‘marketplace apps’

Police say there have been 13 reported incidents so far this year, compared to 5 in 2019

IHIT investigating ‘suspicious’ death of Surrey man

Officers found a body in the 11300-block of Bridgeview Drive: Surrey RCMP

Facing changes together: Your community, your journalists

The COVID-19 pandemic has changed the world in ways that would have… Continue reading

MAP: Dr. Henry reveals which B.C. regions have seen most COVID-19 cases

B.C. health officials release a first look at how the novel coronavirus has reached all corners of the province

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

Plan in place for BC Ferries to start increasing service levels

Ferry corporation reaches temporary service level agreement with province

B.C. starts to see employment return under COVID-19 rules

Jobless rate for young people still over 20% in May

Kelowna Mountie on desk duty following ‘aggressive’ arrest

The officer involved in an arrest that took place on May 30 in Kelowna has been placed on administrative duties

Protests shift to memorializing George Floyd amid push for change

‘There is something better on the other side of this,’ says Atlanta Mayor Keisha Lance Bottom

Limit gun capacity to five bullets, victims group urges Trudeau government

Current limits are generally five bullets for hunting rifles and shotguns and 10 for handguns.

Vancouver Island’s current COVID-19 case count officially hits zero

Of the 130 recorded Island Health cases, five people have died, 125 recovered

COVID-19: Closed B.C. businesses allowed to sell liquor stock

Sales allowed to other licensees that can reopen

Most Read

l -->