Prime Minister Justin Trudeau speaks during a news conference on the COVID-19 pandemic outside his residence at Rideau Cottage in Ottawa, on Thursday, June 18, 2020. THE CANADIAN PRESS/Justin Tang

Wage subsidy will be extended until December amid post-COVID reopening: Trudeau

Trudeau said the extension will ‘give greater certainty and support to businesses’

The Canada Emergency Wage Subsidy will be extended until December as the country’s economy recovers from the COVID-19 pandemic, Prime Minister Trudeau announced Monday (July 13).

Trudeau said the extension of the $82 billion program will “give greater certainty and support to businesses” through the fall and winter.

The wage subsidy provides employers with up to $847 each week per worker to help with wages, or up to 75 per cent of weekly pay for each worker, for businesses that have lost up to 30 per cent of their revenues due to COVID-19. The program had been set to expire at the end of August prior to the extension.

So far, approximately 11 million people have received either the wage subsidy or the federal government’s $2,000 per month emergency response benefit (CERB). In the past, federal ministers have admitted that the $2,000 per month benefit for out-of-work Canadians has had a much higher uptake than the wage subsidy program.

As of early July, the wage subsidy had paid out $18.01 billion to 252,370 companies in payroll help.In comparison, CERB paid out $54.8 billion to 8.25 million people by July 5.

The emergency response benefit is set to run out at the end of the summer.

READ MORE: B.C. records 3 new COVID-19 deaths as total test positive cases top 3,000

READ MORE: Recent COVID-19 hotspots show ‘cases can reemerge at anytime’ in Canada, feds warn

– With files from The Canadian Press


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

CanadaCoronavirusJustin Trudeau

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Quilt of Valour presented

Cindy Postnikoff of Military Ames is pleased to have presented another Quilt… Continue reading

Kimberley SAR warn of river dangers heading into last weeks of summer

Recent incidents prompt warnings for extra caution and preparedness

July Kootenay real estate sales at record high

Sales and prices of Kootenay real estate on the rise

Jaws for $5 on the big screen: a silver lining to pandemic-era cinema

During these (trying/unprecedented/difficult/spicy) times, many different industries have take colossal hits and… Continue reading

Be cautious with campfires, cigarettes

Small fire extinguished this week is a good reminder, Mayor McCormick says

QUIZ: Do you know the truth?

In what has been described as a post-truth era, how much do you know about truth and lies?

VIDEO: Internet famous Yukon-based bhangra dancer explores Vancouver Island

Gurdeep Pandher spreads joy through dance, forms cross-cultural connections amid pandemic

Unofficial holidays: the weird and wonderful things people celebrate around the world

On any given day of the year, there are several strange, silly or serious holidays to observe

Moving on: Tanev scores 11 seconds into OT as Canucks oust Wild

Vancouver beats Minnesota 5-4 to move into first round of NHL playoffs

Gene editing debate takes root with organic broccoli, new UBC research shows

Broccoli is one of the best-known vegetables with origins in this scientific haze

VIDEO: U.S. Air Force pilot does fly-by for B.C. son amid COVID border separation

Sky-high father-son visit plays out over White Rock Pier

3 Vancouver police officers test positive for COVID after responding to large party

Union president says other officers are self-isolating due to possible exposure

New mothers with COVID-19 should still breastfeed: Canada’s top doctor

Dr. Theresa Tam made the recommendation during World Breastfeeding Awareness Week

Collapse of Nunavut ice shelf ‘like losing a good friend:’ glaciologist

The ice shelf on the northwestern edge of Ellesmere Island has shrunk 43 per cent

Most Read