8.6 C
New York
Monday, July 26, 2021
Home Canadian News Trudeau to release new details on COVID-19 emergency aid as Conservatives push...

Trudeau to release new details on COVID-19 emergency aid as Conservatives push for return of Parliament

Prime Minister Justin Trudeau is expected to provide more details Wednesday on the massive emergency aid package to help Canadians and businesses get through the COVID-19 crisis, but Conservatives say Parliament must be recalled in order to get the money moving.

Trudeau is scheduled to give a daily briefing at 11:15 a.m. ET. CBC News will have special coverage beginning at 11 a.m. Watch it here.

The federal government had initially pledged a package worth $82 billion, including income supports, wage subsidies and tax deferrals.

But that figure quickly swelled as the government expanded the Canada Emergency Response Benefit and increased the proposed 10-per-cent wage subsidy to 75 per cent.

The wage subsidy program will also be offered to all-sized businesses, non-profits and charities rather than just small and medium-sized companies as originally proposed. Finance Minister Bill Morneau is expected to provide more details on that program this afternoon.

Conservative finance critic Pierre Poilievre said the legislation that was passed last week in Parliament does not allow for the enhanced benefits.

“Parliament will need to be recalled to salvage the government’s wage subsidy promise,” he tweeted late Tuesday. “Trudeau’s announcement is not legal under the law his government wrote last week.”

Trudeau said Friday that a business must have lost 30 per cent of its revenue to qualify for the wage subsidy, but Poilievre said that requirement is not written in the legislation. 

Source link

Today news
Today News 1 runs four of the western GTA’s most influential media websites, offering news, food, lifestyle and entertainment coverage for millions to the Golden Horseshoe and GTA regions. The independently-run, online news source was founded in 2019 and specializes in everything from breaking news to food and restaurant, arts and entertainment and lifestyle coverage.


Please enter your comment!
Please enter your name here

- Advertisment -

Most Popular

Eagle population flying high on P.E.I.

The flourishing bald eagle population on P.E.I. is being called a success story. At one point in the 1980s wildlife biologists could...

Oil, gas and esports: Fort McMurray’s college enters world of competitive gaming

Fort McMurray's Keyano College is delving into the world of esports, with a new diploma program and esports team.  Esports — which stands...

Major museum and art gallery shops duped by fake Indigenous carver

Until recently, gift shops in some of B.C.'s most famous museums and art galleries have sold wood carvings by an artist identified as...

These adventure cats bring joy to their owners — and social media followers

Canadians have embraced the outdoors in droves over the past year-and-a-half due to pandemic-related lockdowns — and their fluffy, tree-climbing, bird-watching feline companions have been tagging along....

Recent Comments