By HR Reporter |
The Canadian government has announced details around the 75 per cent wage subsidy for employers. This measure, which is a part of the COVID-19 Economic Response Plan, would support businesses that are hardest hit by the pandemic.
“We are helping businesses keep their staff on payroll so that businesses will be better positioned to rebound when the current challenges have passed,” says Bill Morneau, minister of finance. “We will continue to do whatever it takes to ensure that workers and businesses are supported through the outbreak, and that our economy remains resilient during these difficult times.”
The Canada Emergency Wage Subsidy would apply at a rate of 75 per cent of the first $58,700 normally earned by employees, representing a benefit of up to $847 per week from March 15 to June 6, 2020. It will be available for three months, retroactive to March 15.