CPAC
Finance

Trudeau Announces Changes and Updates to Wage Subsidy Program

On Wednesday morning, Prime Minister Justin Trudeau unveiled changes to Canada's wage subsidy program and more help is coming for students.

April 08, 2020

07:39 AM

On Wednesday morning, Prime Minister Justin Trudeau addressed Canadians from Rideau Cottage and unveiled changes to Canada's wage subsidy program and more help is coming for students.


Under the new changes, Canadian businesses will only need to show a loss of revenue of 15% for March, rather than the previously announced 30% mark, to qualify the federal government's Emergency Wage Subsidy program. This update would allow the many businesses that were forced to shut down midway through last month as a result of COVID-19 to qualify.

RELATED:

  • Trudeau Announces Eligibility Rules for Businesses to Receive 75% Wage Subsidy
  • Canada Emergency Response Benefit Applications Open Today
  • Businesses will also have the option of comparing March revenue to those in January and February 2020, rather than last year, which will help start-ups and other businesses qualify.

    Prime Minister Justin Trudeau also announced temporary changes to the Canada Summer Jobs (CSJ) program. Trudeau said the government will now offer subsidies to pay 100% of the wages for students hired by employers through the CSJ program, helping create up to 70,000 jobs for Canadians between the ages of 15 and 30.

    Trudeau said the time frame for the job placements is also being extended until the winter, given that some jobs will “start later than usual.” Student hires can also be employed part-time, given many businesses have had to scale back their operations, Trudeau said.

    The Prime Minister also said he's calling on the opposition to recall parliament to pass the legislation needed to enact the Canada Emergency Wage Subsidy.

    Trudeau added that the government is working on a solution to help gig workers, those who work in home care, or work 10 hours or less a week. "I want to be clear, we will be doing more," said Trudeau.

    The government previously announced the Emergency Wage Subsidy last month, which would provide a 75% wage subsidy to eligible employers for up to 12 weeks (March 15 to June 6). Eligible employers include individuals, taxable corporations, and partnerships, as well as nonprofits and registered charities.

    The subsidy amount for a given employee would be 75%  the amount of remuneration paid during the period, up to a maximum benefit of $847 per week. There is no limit on the number of employees per employer.

    This comes as a total of 18,477 cases of COVID-19 have been confirmed in Canada and 401 people have died.

    Finance

    Trending

    You may also like

    Hamilton

    Hamilton Temporarily Lowers Development Charges By 20%

    ​The pilot project is intended to spur housing development and improve affordability for Hamiltonians, and will run from September 2025 to August 2027.

    Breaking Charts

    The Real Canadian Housing Crisis Is In How We Build

    ​The C.D. Howe Institute's latest report offers a blueprint for breaking free... if we are willing to build differently.

    Development Projects

    Crestview Ushering Height Into Mount Pleasant East With 60, 65 Storeys Planned

    The two-tower Midtown development would deliver over 1,200 new housing units within walking distance of two higher-order transit stations.

    Real Estate News

    Toronto Area Realtors Report Most July Home Sales Since 2021

    “Further interest rate cuts would spur home sales and see more spin-off expenditures, positively impacting the economy and job growth."

    Sold

    Hotel Georgia Penthouse Sells For $15.7M In Downtown Vancouver

    Unit 4801 at 667 Howe Street in Vancouver, the penthouse atop the 48-storey Hotel Georgia private residences, was sold last week.

    Real Estate News

    Greater Vancouver Real Estate Market Continuing To See Sales Recovery

    Home sales are still down year over year, but the gap is shrinking, according to Greater Vancouver Realtors.

    Industry

    Receivership Over Logan Avenue New Build Marks Kaleido’s Third In Four Years

    Elevate at Logan is a new stacked townhouse complex in Toronto's Riverdale, placed under receivership in July over a $14-million debt.

    Development Projects

    Eglinton Station May Get Another Towering Neighbour As Stafford, Greybrook Propose 49 Storeys

    The plans from Stafford and Greybrook call for a 552-unit tower located steps away from Eglinton subway station and the forthcoming Eglinton Crosstown LRT.

    Policy

    Will Toronto's Colour-Coded Landlord Ratings Also Shame Tenants?

    Toronto City Council has adopted a motion to introduce colour-coded ratings for apartment buildings based on their level of cleanliness and safety. The reform is expected to be phased in next July.

    Listed Luxe

    Stunning Family Sanctuary Listed Near Richmond Hill's Lake Wilcox

    Located just minutes from Lake Wilcox, area schools, and key commuter routes, this home is perfectly poised between urban access and tranquil living within a calming and peaceful oasis — a balance rarely struck so well.

    Urban Living

    What's Open And Closed In Toronto On The August Civic Holiday

    ​Most shopping centres, grocery stores, and pharmacies will remain open, but it's always a good idea to check with individual stores for their hours.

    Sold

    Sophisticated Corner Lot Snapped Up In Swansea Blends Luxury With Livability

    With a flexible floor plan, refined finishes, and family-friendly proportions, this Swansea address hits a rare sweet spot: upscale, urban, and lavishly livable.

    People

    Ontario Real Estate And Development Industry Hires And Promotions: July 2025

    Notable moves include Joseph Feldman, who has been named President of Camrost Felcorp, and former TAS executives Hugh Clark and Khan Tran, who have joined the City of Toronto and Capital Developments, respectively, in executive roles.

    People

    BC Real Estate And Development Industry Hires And Promotions: July 2025

    Although several companies have laid off staff, others, such as Anthem Properties and Century Group, hired staff and promoted from within.

    Development Projects

    Anthem Advances Five Towers For Next Phases Of Georgetown In Surrey

    The Georgetown master-planned community by Anthem Properties is set for both sides of Whalley Boulevard near 102 Avenue in Surrey.