Ottawa to extend wage subsidy beyond June 6 expiry date, Trudeau says

This translation has been automatically generated and has not been verified for accuracy.The federal government is extending the wage subsidy beyond its original June 6 expiry date and is creating a panel of industry leaders to provide advice on restarting the Canadian economy after nearly two months of heavy restrictions due to COVID-19.The Canada Emergency Wage Subsidy gives employers funds to cover 75 per cent of wage costs up to a maximum benefit of $847 a week per employee.

“We recognize that as the economy starts to re-open, people will be getting back to work, leaving the emergency response benefit and perhaps going on to the wage subsidy as employers bring people back on get them back to work as our economy picks up over the coming weeks and months,” he said. “That’s why we will constantly be adjusting to make sure Canadians are getting the support they need as we look to carefully and gradually restarting our economy.

Dan Kelly, President of the Canadian Federation of Independent Business, said extending the wage subsidy was the top recommendation of his organization.“I give credit to the government for listening carefully to the concerns of small businesses who were worried that this needed support would run out before many are even able to reopen their doors,” he said in a statement.

On Friday, he repeated that further announcements are coming, but declined to provide a timeline. He also said support for specific sectors will focus on workers.

globepolitics Canadians need to know that Trudeau’s DEFICIT SPENDING was over HALF the Pandemic response to date..2015-16 2.9, 16-17 17.8, 17-18 19, 18-19 14, 19-20 25 billion Trudeau DEFICITS=78.7 BILLION...Pandemic response 146 BILLION..Trudeau caused more than HALF the damage of a PANDEMIC!

globepolitics What 💰 A 💲 Guy 💰 TeamTrainWreck MagicKingdom

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