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Federal COVID-19 wage subsidy to last through summer, Trudeau says

作者:admin 2020-05-19

OTTAWA — A federal wage subsidy for employees in businesses hit hard by COVID-19 will last at least through the summer and the federal government is asking companies to rehire laid off staff — many of whom have received aid from an emergency benefit that has gone over budget.

The $73-billion Canada Emergency Wage Subsidy was set to expire in the first week of June, only a few weeks after the first payments rolled out and with only a small fraction of its budget spent.

Subsidies will now be available through to the end of August, though the legislation that created the subsidy gave the government the authority to extend qualifying periods for help to the end of September.

Take-up for the program has been below federal expectations, with less than $4 billion in benefits to date for 1.7 million workers.

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