Prime Minister Justin Trudeau speaks during his daily press conference on the COVID-19 pandemic, outside his residence at Rideau Cottage in Ottawa, on Friday, April 24, 2020. THE CANADIAN PRESS/Justin Tang

Prime Minister Justin Trudeau speaks during his daily press conference on the COVID-19 pandemic, outside his residence at Rideau Cottage in Ottawa, on Friday, April 24, 2020. THE CANADIAN PRESS/Justin Tang

More than 10,000 businesses apply for wage subsidy on opening morning: Trudeau

Program will cover up to 75% of each employee’s salary

More than 10,000 businesses have already applied to Canada’s wage subsidy program on the morning it launched, Prime Minister Justin Trudeau said Monday (April 27).

Businesses who lost at least 15 per cent of their revenue in March can qualify for the first month of the subsidy, which will cover 75 per cent of each employee’s salary up to $847 per week. Companies are asked to fill in the remaining 25 per cent and Ottawa has said harsh penalties will apply to companies who misuse the funds.

Following March, businesses must show a loss of 30 per cent per month, typically compared to the year before. The program will be retroactive from March 15 and is scheduled to run for 12 weeks.

Trudeau said the first payments will flow on May 7 via the Canada Revenue Agency.

Employees who receive the wage subsidy will be disqualified from receiving the Canada emergency response benefit (CERB), a $2,000 per month payment for out-of work Canadians.

Trudeau acknowledged that in the rush to roll out both the emergency benefit and the wage subsidy, some workers could end up double-dipping.

“When the CERB came in, many people didn’t know if they would get the wage subsidy,” he said.

“If people are now getting wage subsidy [now] they shouldn’t reapply for CERB.”

The prime minister said anyone who is getting both, for the same time periods, will have to pay one back.

Another program, a $1,250 monthly payment for students, will be discussed by Parliament on Tuesday.

To apply for the wage subsidy, businesses can visit: https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy/cews-how-apply.html.

READ MORE: Businesses can apply for wage subsidy April 27, calculate payments on new website

READ MORE: Trudeau says too early to discuss ‘immunity passports’ for people recovered from COVID


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

CanadaCoronavirus

Just Posted

David Larsen, left, and co-host Tony Peyton. (K96.3/Twitter)
Popular Kelowna radio host dies after battle with cancer

David Larsen was half of the longtime Kelowna morning-show duo David and Tony

A storm watch has been issued for the Okanagan, Kootenays and Columbia regions of B.C. (Calvin Dickson photo)
Another severe thunderstorm watch issued for the Okanagan

Conditions are favourable for thunderstorms that may produce strong wind gusts, hail and heavy rain

Craft Culture Events hosts its first of four summer markets at Prospera Place in Kelowna (Craft Culture Events/Contributed).
Kelowna’s Prospera Place summer market a success

Craft Culture Events hosts its first of four summer markets and vendors were ‘excited’ to be back

(Dave Ogilvie/Contributed)
UPDATE: West Kelowna fire crews rescue injured mountain biker

The injury took place at the top of Smith Creek Road

Kelowna flags were flown at half-mast after the discovery of a residential school burial site in Kamloops. (File photo)
Central Okanagan school board chair reflects on recent tragedies

Moyra Baxter offers condolenses to residential school victims, slain Muslim family

Canadian Prime Minister Justin Trudeau participates in a plenary session at the G7 Summit in Carbis Bay, England on Friday June 11, 2021. THE CANADIAN PRESS/Adrian Wyld
Canada donating 13M surplus COVID-19 vaccine doses to poor countries

Trudeau says the government will pay for 87 million shots to be distributed to poor countries

Jane Linden
KCR: Volunteering keeps you active

Kelowna Community Resources shares stories of its volunteers in a weekly column

Cody Bandsma practises kiting with his new paraglider wing at Blackburn Park in Salmon Arm on Wednesday, June 9, 2021. (Lachlan Labere-Salmon Arm Observer)
VIDEO: Cody Bandsma reaching new heights over the Shuswap

Former 100 Mile resident discovers Salmon Arm by air with powered paraglider

Highway notices like this come down effective June 14. Public health restrictions on non-essential travel and commercial operation have hit local businesses in every corner of B.C. (B.C. government)
Province-wide travel back on in B.C.’s COVID-19 restart plan

Gathering changes include up to 50 people for outdoor events

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

A young child has been taken to hospital after being struck by a vehicle on 30th Avenue in Vernon Friday, June 11, 2021. (Jennifer Smith - Morning Star)
Investigation ongoing after child struck by vehicle downtown Vernon

A young child was taken to hospital Friday with undetermined injuries

Calgary Stampeders’ Jerome Messam leaps over a tackle during second half CFL western semifinal football action in Calgary, Sunday, Nov. 15, 2015.THE CANADIAN PRESS/Jeff McIntosh
CFL football will be played this summer in Canada

Governors vote unanimously in favour to start the ‘21 campaign on Aug. 5

Citizenship Minister Marco Mendicino holds a press conference in Ottawa on Thursday, Nov. 12, 2020. The federal government is announcing that Indigenous people can now apply to reclaim their names on passports and other government documents. THE CANADIAN PRESS/Sean Kilpatrick
Indigenous people can now reclaim traditional names on their passports and other ID

Announcement applies to all individuals of First Nations, Inuit and Métis background

Harvesting hay in the Fraser Valley. (Tom Fletcher/Black Press)
COVID-19: B.C. waives farm income requirement for a second year

Property owners don’t need minimum income for 2022 taxes

Most Read