more businesses and charities eligible

Wage subsidy expanded, businesses and charities eligible at 15% dip in revenue

Apr 8, 2020 | 8:47 AM

OTTAWA— The Canadian government announced they are expanding the business wage subsidy that would help businesses keep their staff employed.

Trudeau began his daily announcement by touching on the beginning of Passover which begins tonight at sundown, saying that this is usually a time for Jewish families and friends to come together, but reminding Canadians that now is not the time for social gatherings.

“If our economy is to get through this we need our businesses to survive and employees to get paid.”—Justin Trudeau

The Prime Minister went on to announce that the wage subsidy—which was announced earlier this year—would include a larger span of businesses.

Instead of businesses, charities and non-profits needing to show a 30 per cent dip in revenue starting in the month of March in comparison to last years revenue, they will be eligible at a 15 per cent dip in profit instead.

Non-profits and charities will have the option to include or exclude government funding when calculating loss in revenue.

The 75 per cent wage subsidy will cover up to $847 a week per employee, retroactive to March 15, 2020.