Feds extend wage subsidy to end of August
The federal government is urging companies to rehire laid off staff after announcing its COVID-19 emergency wage subsidy is being extended to the end of August.
The announcement comes with take-up for the 73-billion-dollar Canada Emergency Wage Subsidy below federal expectations as the program was set to expire in early June.
Less than four-billion dollars in benefits have been paid out to date for 1.7-million workers.
Prime Minister Justin Trudeau is also changing a threshold of at least a 30 per cent drop in revenue to qualify for the program -- saying he doesn't want companies holding back on growth to keep getting wage subsidies as the economy re-opens.
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