Trudeau promises 'relaxed' rules for wage subsidy, more support for student jobs

Andrew Cummings
April 8, 2020

"The Canada Emergency Wage Subsidy is an extremely important program to help employees and employers during this time of crisis, and as one of Canada's largest employers most affected by COVID-19, we want to acknowledge the leadership of the Government of Canada in introducing it", said Rovinescu.

Air Canada says it has seen revenue drop by more than 30 per cent and has had to reduce seat capacity by "80 to 90 per cent" over the global health crisis.

Charities can also choose whether to include revenues from governments in their calculations when they apply.

"Today we're taking a step in the right direction to help young people find work during this hard time, but I want to be clear, we will be doing more", he said.

In other federal news, the Canada student jobs program will now cover 100 per cent of the costs associated with hiring students, with an option for students to be hired in a part-time capacity.

He says businesses need to survive and workers need to get paid if the economy is to "come roaring back after this crisis".

This will help create up to 70,000 jobs for Canadians between the ages of 15 and 30, and will help give them work experience and an income despite the current economic situation.

Trudeau continues to say the government will have more to say about further help for Canadians, all of whom have, in some way, been impacted by the virus.

Earlier Wednesday, Conservative finance critic Pierre Poilievre said relief from the federal government for small businesses suffering losses due to COVID-19 is not rolling out fast enough.

"If these businesses go bankrupt during this crisis, many will never reopen and these millions of workers will be without jobs and opportunity".

"I know the past weeks haven't been easy but we're going to get through this together. A little less conversation, a little more action, please, as Elvis used to say".

"Businesses will only need to show a 15 per cent decline in revenue for March instead of 30 per cent because most of us only felt the impact of COVID-19 about halfway through the month", he said.

Guaranteed bank loans of up to $40,000 for small business which will be interest-free for the first year.

Exact details of the emergency wage subsidy are still unclear and legislation supporting it has yet to be passed, but Air Canada believes it qualifies and has the support of the five unions representing its employees in Canada.

After cutting almost half of its workforce, Air Canada says it will apply for the federal emergency wage program to keep those employees on the payroll.

Other reports by iNewsToday