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View Bill Morneau Profile
Lib. (ON)
View Bill Morneau Profile
2020-04-11 14:16 [p.2121]
Mr. Chair, maybe I can explain where I see this right now.
If the business does in fact have a 30% revenue drop or more, it will be able to, with the legislation that we are passing today, have a wage subsidy for up to 75% of its workers' earnings. That is critically important. If, in fact, it is a small business, it will be able to additionally get a credit of up to $40,000, which, if paid back before December 31, 2022, will be forgiven at the rate of 25%. That is really critically important as well.
Those things we see as very important and for those organizations that do not use those benefits, they will be able to put themselves or their employees on the Canada emergency relief benefit.
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