Finance Minister Bill Morneau announced proposed changes to the Federal wage subsidy program today that would make it easier for businesses to qualify and extend it until December 19.
CANADA - The Canadian Government is once again loosening restrictions on the wage subsidy, so that more businesses can access it.
Finance Minister Bill Morneau is proposing changes to the federal program that would extend it until the end of the year. The changes would mean that businesses would not have to prove a 30 percent drop in revenue in order to qualify.
Morneau has shared his proposed legislation with opposition parties, it still needs to pass in the House of Commons before it can become law. If it does pass it would extend the wage subsidy to December 19th and be retroactive until July 5.
Under the new legislation, harder hit companies would receive more of the subsidy. So instead of subsidizing 75 percent of wages for workers at businesses who qualify, the new legislation would offering qualifying businesses a base subsidy.
That base subsidy would change based on how much revenue a company had lost.
Oxford MP Holds Food Drive for the County
New Award Program Coming to Woodstock
PJHL Preview - Oct 2nd and Oct 3rd
Navy Vets Preview - Oct 2nd to Oct 4th
Woodstock Chamber Hosts Candidate Open House
Norwich Business Owner Shares Development Charges Dilemma
Mock Emergency Drill Hosted in Tillsonburg
Thefts Under Investigation in Tavistock
New Family Doctor Coming to Woodstock
Oxford MP Talks New Role and Town Hall
Fall Fest Returns to Downtown Norwich
Operation Full Plate in Oxford County
Cyclist Killed in Thames Centre Crash
Minimum Wage Increases in Ontario
Tip Tuesday with the Oxford OPP - September 2026
Suspect Wanted in Dirt Bike Hit and Run
Stelco to Lay Off Hundreds of Workers
National Day for Truth and Reconciliation in Oxford County
A Record Breaking Hike for Hospice in Woodstock
Flu Season Begins in SWPH Region
Comments
Add a comment