The federal government has released new information on how small businesses impacted by the new coronavirus can access the proposed temporary wage subsidy unveiled last week as part of Ottawa’s sweeping $82-billion economic aid package.
The temporary program is aimed at helping employers reduce payroll deductions and retain workers amid the COVID-19 outbreak, which has sickened more 349,000 worldwide, including over 1,400 cases confirmed cases in Canada, as of Monday morning.
However, business groups and experts say much more needs to be done to prevent massive layoffs. Here is what small business owners need to know about accessing the wage subsidy: Small businesses will get wage support by reducing how much they hand over in payroll