Canadian Government has announced the extension in Wage Subsidy until next summer 2021

1838 Featured : 09 Oct 2020

This will boost Canadian businesses and economy in the time of need and in case there is another lockdown considering the second wave.

Canadian Government has announced the extension in Wage Subsidy until next summer 2021

The Government has announced the extension in Canada Emergency Wage Subsidy (CEWS) until next summer 2021, this will boost Canadian businesses and economy in time of need and in case there is another lockdown considering the second wave.

As a Canadian employer who has seen a drop in revenue due to COVID-19, you may be eligible for a subsidy to cover part of your employee wages, retroactive to March15. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease you back into normal operations. People who have lost their jobs will also continue to get Employment Insurance.

You can check the recent changes on https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-wage-subsidy.html and apply. This will help retain current employees and will help hire new ones. The Government also announced creating 1million new jobs and the industries that are hard hit due to the pandemic.

The Speech from the Throne opens every new session of Parliament. The Speech introduces the governments direction and goals and outlines how it will work to achieve them.

On September 23, 2020, Her Excellency the Right Honourable Julie Payette, Governor General of Canada, delivered the Speech from the Throne to open the second session of the 43rd Parliament and outline the governments agenda. More details can be seen at https://www.canada.ca/en/privy-council/campaigns/speech-throne/2020/speech-from-the-throne.html

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