Prime Minister Justin Trudeau announced temporary changes to the Canada Summer Jobs program allowing employers to hire summer staff and provide young Canadians access to jobs. The program will help create up to 70,000 jobs for youth between 15 and 30 years of age. For the full list of changes, see here.
Finance Minister Bill Morneau, with Minister Bains, Innovation, Science and Industry, and Minister Ng, Small Businesses, Export Promotion and International Trade, announced further details on the Canada Emergency Wage Subsidy. Under the proposed new rules:
- Businesses can use January and February of 2020 as comparison months to measure their revenue drop; and
- Employers that see a drop of at least 15 percent of their revenue in March 2020 will now be eligible for the subsidy.
- Abusing the program could mean repayments of up to 225% of what they received and up to 5 years in prison.
- Those proven to be ineligible but have received the subsidy will have to repay the funds in full.
The Government expects the Wage Subsidy Program to be available in three weeks.