Feds Updating Eligibility For Canada Emergency Wage Subsidy

The federal government is making it easier for businesses to get financial assistance during the COVID-19 pandemic.

Prime Minister Justin Trudeau announced on Wednesday changes to eligibility for the Canada Emergency Wage Subsidy.

Instead of businesses needing a decrease of 30 per cent in revenue in March to be eligible, they now only need a 15 per cent drop.

“Most of us only felt the impact of COVID-19 about halfway through the month,” said Trudeau.

Businesses can also compare numbers from January and February instead of year-over-year.

Non-profits and charities, who are also eligible for the program, can choose to remove government funding when calculating their revenue.

Those who qualify will have 75 per cent of wages covered for employees who make $58,700 or less. Those who make more will also be eligible, however, their remaining salary over the maximum limit won’t apply.

“We really hope you will use this help from your country and your fellow citizens to rehire and pay your workers,” added Trudeau. “We are facing a unique challenge but I know if we pull together our economy will come roaring back.”

Trudeau is hoping to have the program up and running as soon as possible.

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