Prime Minister Justin Trudeau (The Canadian Press)

By The Canadian Press

Justin Trudeau announces details of Canada Emergency Wage Subsidy

Mar 30, 2020 | 9:49 AM

OTTAWA, ON – Prime Minister Justin Trudeau is revealing the details of a previously announced wage subsidy this morning.

Trudeau says the program will cover all businesses whose revenue has dropped by at least 30 per cent because of COVID-19.

There is no restriction on the number of employees a company must have in order to qualify.

Trudeau says the program will apply to non-profits and charities as well.

He says the government will cover 75 per cent of salary on the first $58,700 a person earns.

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(The Canadian Press)