Government extends Canada Emergency Wage Subsidy support for furloughed employees for four weeks
| Department of Finance Canada | news releases
Government extends Canada Emergency Wage Subsidy support for furloughed employees for four weeks
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Government Announces New Extension of Rent Relief for Small Businesses
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau announced that the Canada Emergency Commercial Rent Assistance (CECRA) will be extended by one month to help eligible small business pay rent for August. All provinces and territories continue to participate in this initiative, and collaborate with the federal government to provide rent supports to those small businesses most in need.
Government legislation to support Canadian workers, businesses, persons with disabilities, and legal rights receives Royal Assent
| Department of Finance Canada | news releases
Bill C-20, An Act respecting further COVID-19 measures, today received Royal Assent, ensuring that the Canada Emergency Wage Subsidy (CEWS) will continue to protect jobs by helping businesses keep employees on the payroll and encouraging employers to re-hire workers previously laid off. The broader and better targeted CEWS will make sure that Canadian workers and businesses are in a better position as our economy safely re-opens.
Minister of Finance Announces Appointment to Canada Pension Plan Investment Board
| Department of Finance Canada | news releases
In keeping with this commitment, Finance Minister Bill Morneau today announced the appointment of Boon Sim as a Director to the Board of the Canada Pension Plan Investment Board (CPPIB) effective July 15, 2020.
Government introduces legislation to support Canadian workers, businesses and persons with disabilities
| Department of Finance Canada | news releases
Today Finance Minister Bill Morneau introduced in Parliament Bill C-20, An Act respecting further COVID-19 measures. Upon receiving Royal Assent, this legislation would make the CEWS more targeted, expand eligibility, and help more workers get back to their jobs as the economy continues to reopen.
Supporting Canadian Workers and Businesses with a redesigned Canada Emergency Wage Subsidy
| Department of Finance Canada | news releases
Today the Finance Minister, Bill Morneau, announced proposed changes to the CEWS that would broaden the reach of the program and provide better targeted support so that more workers can return to their jobs quickly as the economy restarts. This support would continue to protect jobs and help Canadian businesses that are the most impacted.
Government Supports Jobs and Safe Operations of Junior Mining Exploration
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau announced that the Government is proposing to protect jobs and safe operations of junior mining exploration and other flow-through share issuers, by extending the timelines for spending the capital they raise via flow-through shares by 12 months.
Historic COVID-19 Plan Provides Canadians With the Support They Need to Get Through the Economic Crisis
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau presented an economic and fiscal snapshot. The federal government has used its strong fiscal position to stabilize the economy and support Canadians by putting in place the largest economic aid package in generations.
Government Introduces Draft Regulations Providing Relief for Registered Pension Plans
| Department of Finance Canada | news releases
Finance Minister Bill Morneau today announced the release of draft regulations that would help employers who sponsor a Registered Pension Plan (RPP) or salary deferral leave plan for their employees to manage and maintain their benefit obligations through the crisis. It will also assure employees who participate in salary deferral leave plans that suspending their leave of absence (e.g., via a recall to essential-service work), or deferring their scheduled leave for up to one year, will not put their plan at risk.
Government Announces Extension of Rent Relief Program for Small Businesses
| Department of Finance Canada | news releases
Today, Finance Minister Bill Morneau announced that the Canada Emergency Commercial Rent Assistance (CECRA) will be extended by one month to cover eligible small business rents for July.