Canada extends Emergency Wage Subsidy to June 2021

Nov 20 2020, 9:39 am

Prime Minister Justin Trudeau announced that the Canadian Emergency Wage Subsidy will be extended through to June 2021.

The federal government is also providing a new emergency rent subsidy for businesses that will go directly to tenants, not landlords.

Trudeau made the announcements at a COVID-19 press briefing on Friday.

The extension of the wage subsidy will secure jobs and support for workers across the country, Trudeau said.

“This program has been a lifeline for millions of Canadians,” he told reporters.

Under the new rent subsidy, small businesses affected by COVID-19 can have up to 65% of their rent covered. Those impacted by a public health-mandated lockdown can receive an additional 25%.

“Combined with the rent assistance, this means that hard-hit businesses could get a rent subsidy of up to 90%,” Trudeau said.

Canadian businesses can begin applying for the new subsidies on Monday, November 23, and they are retroactive to the beginning of October 2020.

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