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Federal wage subsidy to be extended to December, Trudeau says

OTTAWA — Prime Minister Justin Trudeau says the federal government is extending its program to subsidize wages in companies hit hard by the COVID-19 pandemic until December.

The program is the heart of the government’s promise to help Canadians get back to work, even if has to be at a slower pace, as the pandemic wanes.

As of July 6, the wage subsidy had paid out $18.01 billion to 252,370 companies in payroll help.

The government’s fiscal and economic “snapshot” last week boosted the budget of the wage subsidy program to $82.3 billion in a sign of impending changes.

Trudeau isn’t saying today how the government will reshape the eligibility rules for the program that critics have said acts a barrier to receiving the aid.

The wage subsidy program covers 75 per cent of wages, up to a weekly maximum of $847, for eligible companies and non-profits.

This report by The Canadian Press was first published July 13, 2020.

The Canadian Press

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