The hope is that the federal wage subsidy will shoulder a large part of the payroll of any company that is still losing a big chunk of its revenue compared to last year, allowing firms to reopen and bring back their workers even if they’re still constrained due to pandemic rules.
But how much of their payrolls will be covered by this extension? How much money does a company have to be losing in order to qualify? And what about companies that are hoping to hire back minimum-wage workers, but can’t find any because they’re collecting the more lucrative Canada Emergency Response Benefit (CERB)?
Without those answers, companies won’t know if it’s worth their time and effort to reopen on Friday as the premier hopes, says Perrin Beatty, the president of the Canadian Chamber of Commerce.
No comments:
Post a Comment