Prime Minister Justin Trudeau speaks during a news conference on the COVID-19 pandemic outside his residence at Rideau Cottage in Ottawa, on Thursday, June 18, 2020. THE CANADIAN PRESS/Justin Tang

Wage subsidy will be extended until December amid post-COVID reopening: Trudeau

Trudeau said the extension will ‘give greater certainty and support to businesses’

The Canada Emergency Wage Subsidy will be extended until December as the country’s economy recovers from the COVID-19 pandemic, Prime Minister Trudeau announced Monday (July 13).

Trudeau said the extension of the $82 billion program will “give greater certainty and support to businesses” through the fall and winter.

The wage subsidy provides employers with up to $847 each week per worker to help with wages, or up to 75 per cent of weekly pay for each worker, for businesses that have lost up to 30 per cent of their revenues due to COVID-19. The program had been set to expire at the end of August prior to the extension.

So far, approximately 11 million people have received either the wage subsidy or the federal government’s $2,000 per month emergency response benefit (CERB). In the past, federal ministers have admitted that the $2,000 per month benefit for out-of-work Canadians has had a much higher uptake than the wage subsidy program.

As of early July, the wage subsidy had paid out $18.01 billion to 252,370 companies in payroll help.In comparison, CERB paid out $54.8 billion to 8.25 million people by July 5.

The emergency response benefit is set to run out at the end of the summer.

READ MORE: B.C. records 3 new COVID-19 deaths as total test positive cases top 3,000

READ MORE: Recent COVID-19 hotspots show ‘cases can reemerge at anytime’ in Canada, feds warn

– With files from The Canadian Press


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

CanadaCoronavirusJustin Trudeau

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

Just Posted

COVID-19. (Courtesy of CDC).
Interior Health reports 12 additional COVID-19 cases

The total number of cases in the region is now at 644

The house is located near two schools. Photo: Connor Trembley
Dog attack seriously injures young boy in Castlegar

Despite investigating the incident, city staff aren’t confirming if the dog has been put down

BC ELECTION
Kootenay East voters out in droves already

A third of Kootenay East voters have either already voted or requested mail-in ballots

Environment Canada has issued a snow warning for the Kootenays on Friday. File photo
Environment Canada issues snow warning for Friday

Two-to-10 centimetres is expected to fall

Fernie’s Snow Valley Lodging allows the mountain love stories to continue. (Photo Contributed)
Ski-bum love: Shred Kelly’s Mountain Town Love Story Contest kicks off

The competition invites both tales of heartwarming romance or debauched misadventure

Actor Ryan Reynolds surprised a Shuswap family with a special birthday message to their son who was worried he’d be alone on his 9th birthday on Nov. 24. (Tiffanie Trudell/Facebook)
Ryan Reynolds text almost gives away Shuswap boy’s birthday surprise

Deadpool actor helps remind eight-year-old Canoe resident he’s not alone

Vancouver police reactivated the search for Jordan Naterer Thursday Oct. 22. Photo courtesy of VPD.
Mom of missing Manning Park hiker believes her son is waiting to come home

‘He’s going to come out of a helicopter and say ‘what took you so long?”

Environment Minister George Heyman, Premier John Horgan and Energy Minister Michelle Mungall announce that B.C. Hydro is proceeding with construction of the Site C dam, Dec. 11, 2017. (Tom Fletcher/Black Press)
Site C actions, costs won’t be known until after B.C. election, Horgan says

Peace River diverted for construction of reinforced dam base

Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

One of the squirrels who ended up having their tails amputated after getting them stuck together with tree sap. (Facebook/Wild ARC)
Squirrels recovering from tail amputation after sap situation near Victoria

BC SPCA Wild ARC says squirrels will be released back into wild, fifth sibling was euthanized

More and more electric cars are on the road, but one Chevy Bolt owner was shocked to see how much his BC Hydro bill skyrocketed once he started charging the vehicle. (Black Press file photo)
Lower Mainland man sees significant spike in BC Hydro bill after buying electrical vehicle

An increase should be expected, but Brian Chwiendacz experienced a 200-plus per cent hike

The Anonymous YVR is an Instagram page that reviews restaurants and other establishments around B.C. based on how well they adhere to COVID-19 rules. (Instagram)
Anonymous Instagram page reviews COVID-19 safety measures at B.C. businesses

There are a number of public health orders various types of establishments must follow to slow virus’s spread

Most Read