Liberals revise COVID-19 wage subsidy, ease eligibility in bid to boost takeup

Article Link: https://torontosun.com/news/national/liberals-revise-covid-19-wage-subsidy-ease-eligibility-in-bid-to-boost-takeup/wcm/c19b0710-ae25-4a0f-9276-32c90cb43fb7

Discussion posted by: IRWeasel

OTTAWA — Finance Minister Bill Morneau says the Liberals are easing eligibility rules for the government’s emergency wage subsidy and changing the amounts businesses can receive. The government had been under pressure to make the subsidy more accessible, specifically by loosening the requirement of a 30 per cent drop in revenues, so more companies under that cut-off can qualify. Speaking in Toronto, Morneau says the rules will be changed so amounts paid out will be proportional to revenue declines due to the COVID-19 pandemic.