Business groups applaud newly relaxed wage subsidy rules

  • 📰 CTVNews
  • ⏱ Reading Time:
  • 46 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 22%
  • Publisher: 99%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Business groups applauded the federal government's decision to loosen requirements for its wage subsidy program for employers hit by COVID-19, even as they emphasized the need for money to quickly flow to struggling Canadian enterprises.

After speaking with stakeholders and workers, Prime Minister Justin Trudeau said his government will refine some of the emergency aid programs announced in recent days and weeks.

Employment Minister Carla Qualtrough said 4.26 million people, or nearly one quarter of the country's workforce, has applied for benefits since March 15. "There is no playbook here. And the key is that the government is showing flexibility in terms of how they design this program to make sure it's of maximum use to the most companies possible," he said in an interview.

Flair Airlines and Transat AT Inc., other companies in the hard-hit travel sector, said it they would use the program to recall all their employees. Kelly said Canada should adopt a program similar to England, which will provide an 80 per cent subsidy for all businesses. In a survey of 651 technology CEOs, 96 per cent said their company would be ineligible for the program because of its revenue test. That's because most use metrics other than revenue to measure a decrease in business activity.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.

Of course they do...we are all gonna eventually pay for it. Nothing is free

We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 1. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines