Trudeau Provides Details on Wage Subsidy Program
Prime Minister Justin Trudeau says some businesses and non-profit charities will be eligible for a 75 per cent wage subsidy.
In his daily address outside Rideau Cottage in Ottawa, Trudeau says the additional money is meant to cushion the blow from the COVID-19 pandemic.
Trudeau says the size of the company will not bear on whether it qualifies for the help and employers will have to show that their revenues have fallen by at least 30 per cent.
The wages the subsidy covers will be capped at $847 a week, he says.
Trudeau is also asking companies that get the subsidy to rehire workers who might have been laid off over the last two weeks, and ensure that all the money through the program goes to employees.
Additionally, he says companies that can pay their employees without federal help should do so, warning businesses that any abuse of federal financial aid will have serious consequences.
— With files from The Canadian Press