Prime Minister Justin Trudeau on Monday shared some of the DETAILS on the new subsidy program for businesses , which was significantly amended last week after criticisms that the initial plan to cover 10 per cent of wages wasn’t nearly enough to make a difference …
Junior said last week that plan would now cover up to 75 per cent of wages …
But there remain unanswered questions …
It’s important to note right away that there …
Isn’t a lot of information about the specifics …
Of how the subsidies will work …
Deputy Prime Minister Chrystia Freeland would not answer …
When asked whether any large companies that take the subsidy would face criteria such as not raising executive bonus pay …
For those that get the subsidy , the government will then cover “ up to 75 per cent ” of employees’ wages — but only for the first $58,700 worth of salary.
That means the maximum amount of subsidy would translate to $847 per week , unless an employer tops up any salary exceeding $58,700 from the business’s own funds.
How all of that will be calculated — and whether it will come in the form of a payroll deduction or a cheque from the government …
Isn’t entirely CLEAR right now …
The plan for the previous 10 per cent wage subsidy had been for the company to receive the subsidy not via cheque but through a reduction in how much income tax it sends to the Canada Revenue Agency …
It is not CLEAR at the moment …
Whether the coming plan will use that same model …
There’s also a lack of CLARITY …
On how businesses will be required to prove they have seen a 30 per cent decline in revenue …
Whether applications will be vetted before the subsidy is granted …
Or what kind of criteria will be in place to determine who gets the maximum 75 per cent wage subsidy …
It’s also not CLEAR …
Whether there will be tiers of subsidies or what the punishment could be for companies that try to take advantage of the system …
After stating so many times to the contrary … This ‘ reporter of NEWS ‘ then types in this nonsense !!! …
” Some of the big details are CLEAR “…
… ” But the process itself remains opaque ” …
Then immediately follows that horseshit with this !!! …
Trudeau was asked specifically about the timeline here during his comments to journalists on Monday but didn’t give a CLEAR answer …
That new benefit of $2,000 per month for individuals who aren’t able to work because of the coronavirus pandemic is set to roll out on April 6 and be sent to applicants around 10 days later …
” Because of that , it’s not yet CLEAR … yaddayaddayyadda ” …
Hey Amanda … Get back to us when you’ve ‘ CLEARED ‘ things up !!! …
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