All businesses seeing 30% drop in revenue due to pandemic will be eligible for 75% wage subsidies

Businesses and non-profit organizations seeing a drop of at least 30 per cent in revenue due to COVID-19 will qualify for the government’s 75 per cent wage subsidy program, Prime Minister Justin Trudeau announced today.
During the daily media briefing outside his residence at Rideau Cottage, Trudeau said the number of people a business employs will not determine its eligibility. Charities and companies big and small will qualify, he said.
For those companies experiencing a decrease in revenues of at least 30 per cent, the government will cover up to 75 per cent of a salary on the first $58,700, which could mean payments of up to $847 a week. The prime minister also encouraged businesses to top up their employees wages with the remaining 25 per cent of their salaries.
Prime Minister Justin Trudeau has announced that businesses and non-profit organizations seeing a drop of at least 30 per cent in revenue due to COVID-19 will qualify for the government’s 75 per cent wage subsidy program.
Trudeau said the wage subsidies will be retroactive to March 15, 2020.
More details of the program will be unveiled tomorrow by Finance Minister Bill Morneau.

Canadian Press

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