Today we are announcing the government will extend the current rates for the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy, and Lockdown Support from March 14 to June 5, 2021.
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This means:
the maximum wage subsidy rate for workers will remain at 75 per cent;
the maximum rent subsidy rate will remain at 65 per cent; and
Lockdown Support will remain at 25 per cent, providing hard-hit businesses with rent support of up to 90 per cent.
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Additionally, the government is today announcing that businesses can continue to use pre-pandemic revenue levels (i.e. 2019) when applying for upcoming periods from March 14 to June 5, 2021.
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Find out more here: http://bit.ly/388Tm4p
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Most especially, it means the firehose of cash to rich people will continue, while anyone in the average to low income range gets to keep struggling. When you eventually raise taxes to pay off these deficits, not one penny should come from non-rich folks.
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New businesses? Anything?
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Any word on extending CEBA again?
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When will the rent subsidy cover at home small businesses that have to make mortgage payments to the banks still? What are we supposed to do to survive?
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It's vital to keep people afloat until we come out the other side of this. Just curious though-- where is the money coming from? As a taxpayer in the "middle", I'm tapped out; Please don't ask for more than I can give.
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