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Wage subsidy program for businesses opening for applications Monday

The Canadian Press | posted Monday, Apr 27th, 2020

Some key developments are coming this week in the country’s relentless struggle with the coronavirus pandemic.

They begin Monday with businesses being allowed to apply for the federal government’s $73 billion wage subsidy program.

Companies that qualify will get a subsidy worth 75 per cent of each employee’s wages, up to $847 per week, retroactive from March 15 to June 6. And for those organizations that can, the government is asking employers to fill in the remaining quarter.

First payments are expected to arrive by the end of next week.

Prime Minister Justin Trudeau will be talking about that, as well as some other coming initiatives, at his daily coronavirus briefing.

 

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