This translation has been automatically generated and has not been verified for accuracy.The Liberal government has drafted legislation that would make it easier for businesses to access its proposed wage-subsidy program.
Business groups had expressed concern with the initial proposal last month that eligibility would be limited to firms that could demonstrate a 30 per cent reduction in revenue when comparing one month this year, such as March 2020, to the same month in 2019.The draft bill gives companies the option of using January and February as reference periods instead, under certain conditions. It is not immediately clear whether that change will be enough to address concerns of employers.
The legislation confirms the government’s plan to offer cover 75 per cent of a wage, up to a maximum benefit of $847 a week. “Much of the wage subsidy is going to be embedded with the Income Tax Act so that does require us to move forward on parliamentary legislation and that is what we are talking about right now with parliamentarians,” he said.
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