By BIV |
What happened: Federal government unveils new supports for small businesses, including significant boost to wage subsidy
Why it matters: The government says measures will be more effective at keeping workers on the payroll
Ottawa’s previously announced wage subsidy for small businesses is getting a massive boost from 10% to 75%.
Prime Minister Justin Trudeau acknowledged Friday (March 27) the government needed to do “much more” to help small businesses keep workers on the payroll.
“We’re helping companies keep people on the payroll so workers are supported and the economy is positioned to recover from this,” he said during his daily briefing outside his home in Ottawa.