More details have been made available regarding the Government of Canada's wage subsidy program. Today, Prime Minister Justin Trudeau shared the following:

  • Businesses that can show their revenues have fallen by at least 30% due to COVID-19 will be eligible for the 75% subsidy,
  • Payments will be capped at $847 a week,
  • The subsidy will be backdated to March 15,
  • All businesses, regardless of size, will be eligible, including those in the not-for-profit and charitable sectors.

Further details will be made available at a news conference tomorrow, March 31, 2020.

Click here for more information on government programs.