It was expected news but welcomed nonetheless by employers across Canada. The federal government announced today that it will extend the Canada Emergency Wage Subsidy and Canada Emergency Rent Subsidy until June 5. A previous extension was set to expire March 13.
The wage subsidy covers up to 75% of payroll costs, while the rent subsidy pays up to 65% of rental payments for those who qualify. As well, a top-up is available for businesses forced to close due to restrictions.