The Trudeau government’s federal budget, the first to be announced in two years, will continue existing pandemic supports and add new ones. The Canada Emergency Wage Subsidy, currently due to expire in June, would be extended so as to gradually phase out until September. Between July and September, the maximum weekly subsidy would fall from $847 per employee to $226.
A new Canada Recovery Hiring Program (CRHP), running from early June to late November, would subsidize employers’ costs through wages, additional hours, and new hires. The government is also offering relief to small and medium-sized businesses that have been facing higher credit card fees as card use has increased.
(Look for full coverage of the budget in the next captivating issue of Hardlines! Not getting your weekly dose of the industry’s must-read news? Click here to start your free trial today!)
