Prime Minister Justin Trudeau has made his daily announcement, which focuses on helping businesses.
Last week, Trudeau announced the government will be giving small and medium businesses that qualify, a 10 percent wage subsidy.
Since some businesses have still had to lay off workers, Trudeau is upping that to 75 percent, in hopes that businesses thinking about laying off workers, won’t, and those that have made layoffs, rehire their employees.
Trudeau has also announced the creation of the Canada Emergency Business Account. Eligible businesses can receive a guaranteed 40 thousand dollars, interest-free for the first year. Some qualifying businesses can even have up to 10 thousand dollars forgiven.
GST and HST payments are also being deferred to June to allow businesses to keep and use the money that they would have ended up sending the government. Trudeau says that is the equivalent of the government giving 30 billion dollars.
