Prime Minister Justin Trudeau announced today (March 3) that the federal government is extending the Canada Emergency Wage Subsidy and the Canada Emergency Rent Subsidy “at their current levels” to June 5.
“This isn’t the time to pull back on support for workers and for business owners,” he said.
He added that he hopes the next few months are “the final stretch of the crisis”.
The wage subsidy covers a maximum 75 percent of payroll for employers and the rent subsidy offers a maximum 65 percent relief.
In addition, Ottawa is extending Lockdown Support, which offers a maximum of 25 percent support to hard-hit businesses, for the same period.