$73 billion wage subsidy bill gets green light after emergency sitting
Easter Sunday arrived with desperately needed aid for Canadian businesses and their workers to help blunt the financial devastation caused by the COVID-19 crisis.
The federal government’s $73-billion wage subsidy legislation received royal assent last night after being passed by the House of Commons during a rare emergency sitting.
Ottawa can now pay companies 75 per cent of the first $58,700 earned by each employee up to $847 per week for up to 12 weeks.
The economic program, which Prime Minister Trudeau says is the most significant since the Second World War, is retroactive to March 15 and available to companies that lost 15 per cent of their revenue in March or 30 per cent in April or May.


