CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

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CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

CANADA'S LEADING INFORMATION SOURCE FOR THE METALWORKING INDUSTRY

Ottawa temporarily expanding pandemic financial support

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Responding to the potential need for local lockdown measures to fight the surge of Omicron variant cases across Canada, Ottawa is introducing legislation to temporarily expand eligibility for key financial support programs.

 The Liberal government is introducing regulation that would:

  • Expand the Local Lockdown Programto include employers subject to capacity-limiting restrictions of 50 per cent or more; and reduce the current-month revenue decline threshold requirement to 25 per cent. Eligible employers will receive wage and rent subsidies from 25 per cent up to a maximum of 75 per cent, depending on their degree of revenue loss. The 12-month revenue decline test continues to not be required in order to access this support.
  • Expand the Canada Worker Lockdown Benefit to include workers in regions where provincial or territorial governments have introduced capacity-limiting restrictions of 50 per cent or more. This benefit will provide $300 a week in income support to eligible workers who are directly affected by a COVID-19-related public health lockdown, and who have lost 50 per cent or more of their income as a result.

These updated regulations will apply from December 19, 2021, to February 12, 2022, during which time it is expected that public health authorities will continue to implement “circuit-breaker” restrictions that limit the spread of the Omicron variant of COVID-19 across Canada.

 “The Omicron variant is a real and serious threat to the health and safety of Canadians and the capacity of our health care system. In light of the public health situation and new restrictions in a number of provinces, we are temporarily expanding eligibility for key support measures offered for workers and businesses. The federal government will continue to help Canadians through the pandemic and ensure Canada’s economic recovery leaves no one behind,” said Chrystia Freeland, deputy prime minister and minister of finance.

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