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

RDN says water in French Creek still potable despite levels of iron, manganese

Strategy to improve water quality being established

United Way distributes $120,000 in federal funding to seniors in need during pandemic

Salvation Army, Eden Gardens, hospice society among groups granted money

Man who used to live in Nanaimo sought by RCMP on the mainland

Ajia Richardson unlawfully at large after failing to return to psychiatric hospital in Coquitlam

100-pound gargoyle stolen from backyard in Nanaimo’s south end

RCMP asking for any information about the statue’s whereabouts

Helicopter company helps Nanaimo couple get married, socially distanced on a mountaintop

West Coast Helicopters lifts wedding onto Mount Cokely after COVID-19 cancelled previous plans

B.C. legislature coming back June 22 as COVID-19 emergency hits record

Pandemic restrictions now longer than 2017 wildfire emergency

Beefs & Bouquets, May 27

To submit a beef or a bouquet to the Nanaimo News Bulletin, e-mail editor@nanaimobulletin.com

B.C. businesses ‘can’t shoulder burden’ of COVID-19 sick pay

Trudeau’s plan should be tied to federal emergency aid

RCMP remind public to leave dogs chilling at home on hot days

Dogsafe has designed a Dog in a Hot Car Responder Checklist

Facing changes together: Your community, your journalists

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

PHOTOS: Loved ones reunite at an oasis on closed U.S.-Canada border in Surrey

Officials closed the park in mid-March over coronavirus concerns

Another Asian giant ‘murder hornet’ found in Lower Mainland

This is the farthest east the invasive species has been found so far

B.C. sees 9 new COVID-19 cases, one death as officials watch for new cases amid Phase Two

Number of confirmed active cases is at 244, with 37 people in hospital

B.C. girl left temporarily paralyzed by tick bite sparks warning from family

Mom says parents need to check their kids when they go camping

Most Read