Ottawa is extending two of its relief funds into the summer as the effects of the pandemic continue to be felt.
The federal government announced on Wednesday that the Canada Emergency Wage Subsidy and the Canada Emergency Rent Subsidy will be extended until June 5, instead of coming to an end on March 14 as originally planned.
Under these extended relief programs, the maximum wage subsidy rate for active employees will remain at 75 per cent, while the maximum rent subsidy rate would stay at 65 per cent, just as before.
“Workers and businesses have showed incredible resilience over the past year, especially through this difficult winter, and today’s announcement makes clear that they can continue to rely on their government to be there for them, every step of the way,” said Deputy Prime Minister and Minister of Finance Chrystia Freeland. “With variants in Canada and many regions still under lockdown, we are giving workers and businesses the certainty they need that strong government support will be there to get them through this crisis and ensure they come out strong.”
More than five million Canadian employees have had their jobs supported through the wage subsidy, balancing out to over $66 million in wages paid as of February 21, 2021.