Canadian Prime Minister Justin Trudeau unveiled more information on the Canada Emergency Wage Benefit.
He says it’s simple.
If your revenues have dropped by at least 30 per cent because of Covid-19, then you qualify.
There is no limit to the number of employees.
This does apply to charities and non profits. The feds will pay 75 per cent of an employees wages on the first $58,700 a year.
That’s up to $847 dollars a week, and its back dated to March 15th.
He says if the business owners can top that off that would be great.
He adds this will ensure when it’s over, there will be jobs to return to.
