This morning, Prime Minister Trudeau provided important details on the government’s commitment to provide a 75% wage subsidy for businesses impacted by COVID-19.  

Canada Emergency Wage Subsidy details include:

See these other posts for more COVID-19 Employment Law information:
»» Webinar & Slide presentation: COVID-19 Ontario Workplace Issues: March 16
»» Temporary Layoffs: March 17
»» EI Sickness Benefits and Work Sharing: March 17
»» New Emergency Care Benefits and Supports: March 18
»»Amendment to Ontario Employment Standards: March 21
»» Supplementary Unemployment Benefit Plan (SUB Plan): March 21
»» Mobilizing Canadian Industry to Fight COVID-19: March 23
»» List of Essential workplaces
»» COVID-19 Emergency Response Act March 26

March 30, 2020

• Will cover 75% of salary on the first $58,700 earned, back dated to March 15
• Any business with at least a 30% revenue decrease because of COVID-19 qualifies
• Number of employees does not matter
• It applies to non-profits, charities and companies big and small
• Funding to employers will be through a credit facility that is being established

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The Prime Minister warned that there will be serious consequences for any business that improperly uses this benefit.

He encouraged companies that are able to top up the remaining 25% for their employees to do so, reiterating that ‘Canadians are all in this together’.

This subsidy is in addition to the CERB that was announced previously to assist business owners and self-employed persons who have lost their employment.

Mr. Trudeau also indicated that Minister of Finance, Hon. Bill Morneau, and Minister of Small Business, Hon. Mary Ng, will provide a detailed briefing tomorrow with additional information.