Trudeau Bends to Pressure, Changes Rules on 75% Pay Subsidy
- Government shifts criteria to allow new firms to receive money
- Companies need to prove a 15% March revenue loss to qualify
A pedestrian walks down a nearly empty Saint-Catherine Street in Montreal on March 27.
Photographer: Christinne Muschi/BloombergThis article is for subscribers only.
The Canadian government will make it easier for companies to qualify for a wage subsidy program aimed at companies hit by the coronavirus after business groups said the rules were too restrictive.
Prime Minister Justin Trudeau said changes will include lowering the threshold of revenue loss a company must meet to qualify. The subsidy pay as much as 75% of a worker’s wages, capped at C$847 a week.