The emergency measure will cover 75 per cent of the wages of employers who have experienced a sharp drop in earnings since the new coronavirus hit Canada hard in March, up to $ 847 per worker.
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Applications were opened early this morning and payments can be retroactive until mid-March.
Trudeau says program money will start to flow on May 7.
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Money may take longer to arrive for businesses that are not registered for direct deposit with the Canada Revenue Agency.
Some business owners’ wages may be covered by the COVID-19 grant program, says CFIB
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The survey results released this morning by the Canadian Federation of Independent Business, which represents thousands of small businesses across the country, suggest that half of them will apply for the wage subsidy.
In a statement, the CFIB says many companies are still wondering what wages can be covered, who is eligible, and how to get laid-off workers back before receiving grants.
Officials were unable to say how many workers currently receiving the Canadian Emergency Response Benefit could be rehired with the wage subsidy, but Trudeau reminds workers that they cannot receive assistance both programs at the same time.
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What does it mean if some people may have to repay everything they received through CERB of $ 2,000 per month if the wage subsidy covers the same period.
CERB has so far paid $ 24.25 billion in payments to 7.28 million unique applicants to the program, according to the latest figures released this morning by the federal government.
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