Canada COVID 19 wage subsidy program to be extended, Trudeau promises

18:39  08 may  2020
18:39  08 may  2020 Source:   msn.com

CEWS vs. CERB: How the two benefits fit together and who may have to return payments

  CEWS vs. CERB: How the two benefits fit together and who may have to return payments The two COVID-19 emergency benefits are designed to overlap to a degree. Here's what that means.Now, Ottawa has also rolled out the Canada Emergency Wage Subsidy, for which applications opened April 27.

OTTAWA _ Prime Minister Justin Trudeau says the federal government's emergency wage-subsidy program will be extended beyond its early-June endpoint.

The program covers 75 per cent of worker pay up to $847 a week to try to help employers keep employees on the job in the face of steep declines in revenue due to the COVID-19 pandemic.

In an announcement in Ottawa after a new report from Statistics Canada showing millions more Canadians have lost work, Trudeau says more details on the extension will come next week.

"The figures confirm what we've known for some time," Trudeau said in his daily briefing.

"Right now Canadians are hurting because of this pandemic. Everyone has their own story. It all boils down to a very difficult time for a lot of Canadians."

More to come...

Coronavirus: Air Canada will lay off more than half of its workforce .
© Provided by La Tribune At the end of March, the Montreal-based company had laid off more than 16,500 employees, before announcing in early April that it had re-hire thanks to a wage subsidy program implemented by the government of Justin Trudeau. This program was extended Friday until the end of August. The first Canadian airline, which has cut flights by 95% due to border closures and containment measures, has decided to cut staff "by 50 to 60 percent," it said in a statement.

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