Prime Minister Justin Trudeau speaks during his daily press conference on the COVID-19 pandemic, outside his residence at Rideau Cottage in Ottawa, on Friday, April 24, 2020. THE CANADIAN PRESS/Justin Tang

More than 10,000 businesses apply for wage subsidy on opening morning: Trudeau

Program will cover up to 75% of each employee’s salary

More than 10,000 businesses have already applied to Canada’s wage subsidy program on the morning it launched, Prime Minister Justin Trudeau said Monday (April 27).

Businesses who lost at least 15 per cent of their revenue in March can qualify for the first month of the subsidy, which will cover 75 per cent of each employee’s salary up to $847 per week. Companies are asked to fill in the remaining 25 per cent and Ottawa has said harsh penalties will apply to companies who misuse the funds.

Following March, businesses must show a loss of 30 per cent per month, typically compared to the year before. The program will be retroactive from March 15 and is scheduled to run for 12 weeks.

Trudeau said the first payments will flow on May 7 via the Canada Revenue Agency.

Employees who receive the wage subsidy will be disqualified from receiving the Canada emergency response benefit (CERB), a $2,000 per month payment for out-of work Canadians.

Trudeau acknowledged that in the rush to roll out both the emergency benefit and the wage subsidy, some workers could end up double-dipping.

“When the CERB came in, many people didn’t know if they would get the wage subsidy,” he said.

“If people are now getting wage subsidy [now] they shouldn’t reapply for CERB.”

The prime minister said anyone who is getting both, for the same time periods, will have to pay one back.

Another program, a $1,250 monthly payment for students, will be discussed by Parliament on Tuesday.

To apply for the wage subsidy, businesses can visit: https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-how-apply.html.

READ MORE: Businesses can apply for wage subsidy April 27, calculate payments on new website

READ MORE: Trudeau says too early to discuss ‘immunity passports’ for people recovered from COVID


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

CanadaCoronavirus

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

Just Posted

Saanich police see spike in excessive speeding compared to previous years

Nearly 100 excessive speeders caught since January 2020

Colwood branch drop-off to continue throughout summer

COVID-19 safety measures remain in place

Welcome to grilling season: Saanich firefighter talks barbecue safety tips

Grills should be cleaned, serviced prior to use, firefighter says

Cycling scavenger hunt comes to Tweed City

Cyclists scour Oak Bay for clues in Bike to Work Week event

Colwood woman launches Adopt a Grad

Facebook page aims to support students during pandemic

11 new COVID-19 cases in B.C. as top doc urges caution amid ‘encouraging’ low rates

Dr. Bonnie Henry also announced that two care home outbreaks would be declared over

Surrey mayor’s party under fire for ‘sickening’ tweet accusing northern B.C. RCMP of murder

Mayor Doug McCallum says tweet, Facebook post ‘sent out by unauthorized person’

Father’s Day Walk Run for prostate cancer will be virtual event this year throughout B.C.

The annual fundraiser for Prostate Cancer Foundation BC has brought in $2.5 million since 1999

Dr. Bonnie Henry announces official ban on overnight kids’ camps this summer

New ban comes after talking with other provincial health officials across the country, Henry says

Senior man in hospital after unprovoked wolf attack near Prince Rupert

Conservation officers are on site looking for the wolf

VIDEO: NASA astronauts blast off into space on SpaceX rocket

Marks NASA’s first human spaceflight launched from U.S. soil in nearly a decade

‘I knew what he wanted’: Kootenay man spends hours in tree as black bear patrols below

Francis Levasseur is no stranger to the outdoors, but a recent run-in with a bear caused quite a scare

PHOTOS: U.S. cities brace for increasing unrest over police killing of George Floyd

Minnesota Gov. Tim Walz has fully mobilized the state’s National Guard

$200,000 Maybach impounded after ‘L’ driver caught excessively speeding in Vancouver

Meanwhile, the supervisor sat in the passenger seat, police said

Most Read