Yesterday, Federal Finance Minister Bill Morneau, Minister of Small Business Mary Ng and Minister of Innovation Navdeep Bains announced details relating to the Canada Emergency Wage Subsidy and provided updates on other previously announced programs. The Emergency Wage Subsidy will cover 75 per cent of salaries for qualifying businesses for up to 3 months retroactive to March 15, 2020. Charities, not for profits and businesses (big and small) will all be eligible IF their revenues drop by 30% when compared to the same time period in 2019. For organizations that do not meet the 30% threshold, they may qualify for the previously announced Temporary Wage Subsidy of 10% that is paid from March 18th to June 20, 2020.
Also, yesterday Manitoba increased security for renters by putting a freeze on rent increases and postponing eviction hearings. As well, they released their list of essential services.
Please see our updated infographic below for an overview of all programs released to date (including links to the appropriate government websites).