Government Announces Wage and Rent Subsidy Amounts to Remain Unchanged Through to June

The Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support have helped protect millions of Canadian jobs and supported businesses of every size across Canada through the COVID-19 pandemic.

Today, the Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, announced that the government intends to extend the current rate structures for these subsidies from March 14 to June 5, 2021. Specifically:

These extensions would provide certainty and continued support for workers, businesses and other affected organizations in the face of ongoing challenges presented by the pandemic. With regard to furloughed employees, the government intends to continue to align the wage subsidy rate structure with the benefits provided through the Employment Insurance program from March 14 to June 5, 2021. This means employers who qualify for the wage subsidy would be able to continue to claim up to a maximum benefit of $595 per week per employee to support remuneration of their furloughed workers.

Through the pandemic, applicants have demonstrated revenue declines by comparing revenue to the previous year. Given that we are approaching a full year of the COVID-19 pandemic, the government is today announcing that applicants would be able to continue to use a pre-pandemic 2019 reference month, effective for the upcoming periods from March 14 to June 5, 2021.

Source: Government of Canada

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