The Canadian government is extending the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Rent Subsidy (CERS) and lockdown support at their current levels until June, Prime Minister Justin Trudeau announced on Wednesday (March 3).
“We’re making sure that the wage and rent subsidies continue through the spring and that the amount of support remains consistent,” Trudeau told reporters at a media briefing.
Minister of Finance Chrystia Freeland said the extension will take the benefits from March 14 to June 5, 2021.
The maximum wage subsidy rate for active employees will remain the same at 75%, the maximum rent subsidy rate will remain at 65% and lockdown support will remain at 25% providing hard-hit business with rent support of up to 90%, Minister Freeland said.
More than five million Canadian employees have had their jobs supported through the wage subsidy with more than $66 billion paid out in wage subsidies as of Feb. 21, 2021, the Government of Canada notes on its website.
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