The Canadian Bazaar
TORONTO: Prime Minister Justin Trudeau has announced to extend the current emergency wage subsidy, rent subsidy and lockdown support programmes till June 5.
During his morning media briefing, the Prime Minister said the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support, which have helped protect millions of jobs and supported businesses through the pandemic, are being extended.
Extension of the current rate structures for these programmes till June 5 means:
– 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.
– 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.
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, said an official statement.
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.
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.
