Prime Minister Justin Trudeau says the federal wage subsidy program for employers hit by COVID-19 will have looser standards that will help students who find the prospects for summer jobs in jeopardy.
PM Trudeau said: “We want to make these emergency measures as inclusive as we can so we’re listening and making adjustments along the way.”
Rather than having to show a 30 per cent decline in revenues, businesses can instead show a 15 per cent decline in March and can compare their revenues to previous months rather than the previous year, Trudeau announced.
Charities and non-profits can also choose whether to include revenues from governments, such as grants, in their calculations when they apply.
Businesses need to survive and workers need to get paid if the economy is to “come roaring back after this crisis,” Trudeau said.
He also announced the federal government will cover 100 percent of wages for students hired under the Canada Summer Jobs Program. The government will also extend the time period for job placements to the winter, in recognition that many jobs will start later than usual due to the pandemic, and companies will be permitted to hire students part-time.
The hope is this will encourage businesses to hire students to allow them to get the work experience they need and earn incomes during the downturn, Trudeau said.