Canada passed $52 billion relief package so businesses can pay workers - Business Insider

. According to the report, the program will cost some C$73 billion, which is about $52 billion USD.

CEWS will cover up to 75% of the first $58,700 earned by an employee for up to three months. Canadian businesses will be able to receive up to C$847 each week — about $607 USD — per employee to help supplement each employee's wages. The funds would be sent to businesses within a span of two to five weeks. Businesses can receive funding for up to 12 weeks as long as they can prove they have suffered losses due to COVID-19.

To be eligible to apply for the relief funding, businesses must be able to prove at least a 15% drop in revenue in either March, April, or May 2020 compared with the business' earnings in the same months in 2019 or in the first two months of 2020. Businesses that are found to have lied about or inflated losses in their earnings will be subject to a fine equal to 25% of the aid they've received as part of the relief package. In order to release the funds, an organization will have to show that it has paid its employees, Business in Vancouver reported.

neeleshmisra World really need to study the operational module of this country.

Great president!! Why couldn’t we have someone like that

KemenkeuRI mgkn bisa dicontoh?

Idioty

StimulusBill AskKingsley2 Phase2

good measure

Can this guy come to Iraq and lead a coup against corruption ?

Россия Последние новости, Россия Последние новости

Similar News:Вы также можете прочитать подобные новости, которые мы собрали из других источников новостей

Doctors not in coronavirus trenches given stimulus relief - Business InsiderDoctors far from the front lines of the coronavirus pandemic are getting stimulus checks, and crucial hospitals say they're being left behind
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »

COVID-19 relief bill allows early 401(k) withdrawals, but be cautious - Business InsiderEven if it's comparatively cheaper to pull from a retirement account right now, an early withdrawal reduces your balance and diminishes future earning potential, and you'll pay taxes Or you pray that our corrupt government and FED will keep the Ponzi scheme going until you retire. And don't expect Social Security to pay you anything unless a gallon of milk is $100. Because any money will have almost no value with inflated currency. How about not worrying about that, and enjoying what remains of western 'civilization' before it collapses.
Источник: BusinessInsider - 🏆 729. / 51 Прочитайте больше »