Canada passes law that will pay businesses to keep employees on staff

House of Commons passes COVID-19 wage subsidy bill | Burnaby Now

In a rare Saturday session, Canadian lawmakers passed legislation that will subsidize up to 75% of workers’ salaries to avoid even more mass layoffs during the Covid-19 pandemic.

Canadian Prime Minister Justin Trudeau, now out of quarantine after his wife tested positive for the virus in March, attended the scaled-down session with a “quorum” of about 20 lawmakers.

Opposition parties joined Trudeau’s governing party to unanimously approve the wage-subsidy scheme, which will cost more than $50 billion (in US currency) and will be applied retroactively to days worked since March 15.

A majority of Canadian companies are likely to qualify for the subsidy.

source: cnn

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