Bill Morneau will announce changes to the wage subsidy program

Bill Morneau annoncera des changements au programme de subvention salariale

The Trudeau government will announce changes to the wage subsidy program on Friday afternoon.

The minister of Finance, Bill Morneau, will hold a press conference on the topic in Toronto.

Recall that the fed has already indicated that it wants to extend until December the aid measure, which is being deployed in the context of the crisis of the COVID-19.

This program is designed to cover 75 % of the salary of employees working for companies suffering financial losses due to the pandemic, up to a maximum of $ 847 per week.

To prevail, the employer must, according to the current terms and conditions, demonstrate a decrease of 30 %, the threshold that has been criticized by many.

In his economic portrait unveiled last week, Ottawa is anticipated that the measure will cost 82 billion $ in 2020-2021. However, the program did not have the popularity expected so far. Dated as of July 13, 20.38 to $ billions had been spent for 667 400 approved applications.

The Trudeau government hope that more and more workers will take this program rather than having to turn to the Benefit of canadian emergency (PKU).

This other program, far more popular, allows Canadians who have lost their jobs, who cannot work or who earn $ 1,000 or less per month, to receive 2000 $ monthly. As of the date of 12 July, the federal government had paid nearly $ 60 billion in benefits.

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