Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks about the Fiscal update during a news conference in Ottawa, Monday November 30, 2020. THE CANADIAN PRESS/Adrian Wyld

Deputy Prime Minister and Minister of Finance Chrystia Freeland speaks about the Fiscal update during a news conference in Ottawa, Monday November 30, 2020. THE CANADIAN PRESS/Adrian Wyld

COVID-19: Wage and rent subsidies, lockdown support to be extended until June

Chrystia Freeland says now is not time to lower levels of support

The federal government is extending the emergency wage and rent subsidies, as well as lockdown support, until June.

According to Deputy Prime Minister Chrystia Freeland, the various supports will be extended to June 5, rather than expiring mid-March as previously scheduled. The cost of the extension is estimated at $13.9 billion.

During a press conference in Ottawa Wednesday (March 3), Freeland said that the Canada Emergency Wage Subsidy would remain at 75 per cent per active employee for the worst-affected employers, the rent subsidy would remain at 65 per cent and lockdown support would stay at 25 per cent. The rent subsidy and lockdown support can be combined for a total of a 90 per cent rent subsidy.

In a press release, the feds said that furloughed employees with employers who qualify for the wage subsidy could receive up to $595 per week.

Freeland said that while news of new vaccines is encouraging, the pandemic is not yet over.

“We cannot definitively say that we have turned a corner,” she said, noting that the Canadian economy contracted 5.4 per cent in 2020 – the worst year on record.

READ MORE: Canadian economy contracted 5.4 per cent in 2020, worst year on record


@katslepian

katya.slepian@bpdigital.ca

Like us on Facebook and follow us on Twitter.

Want to support local journalism during the pandemic? Make a donation here.

Coronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Environment Canada says the Eastern Fraser Valley will enjoy plenty of sunshine this week. (Black Press News File)
Sunny weather to stay around all week in Eastern Fraser Valley

Chilliwack, Abbotsford and Hope all forecasted for a week free of rainfall

Chilliwack school trustee Barry Neufeld has called for the resignation of B.C.’s Minister of Education, Jennifer Whiteside. He made the call during a speech in Vancouver on April 10, 2021, in a rally for a parent embroiled in legal battles surrounding his child’s transition.
Chilliwack school trustee calls for B.C.’s minister of education to resign

Barry Neufeld spoke at rally for jailed father in Vancouver, calling SOGI 123 a ‘dangerous experiment’

Two-year-old Ivy McLeod, seen here on April 9, 2021 with four-year-old sister Elena and mom Vanessa, was born with limb differences. The family, including husband/dad Sean McLeod, is looking for a family puppy that also has a limb difference. (Jenna Hauck/ Chilliwack Progress)
Chilliwack family looking for puppy with limb difference, just like 2-year-old Ivy

Ivy McLeod born as bilateral amputee, now her family wants to find ‘companion’ puppy for her

Four members with Divers for Cleaner Lakes and Oceans were out at Cultus Lake on March 28 and 29 hauling trash out of the waters. (Henry Wang)
PHOTOS: Out-of-town divers remove 100s of pounds of trash from Cultus Lake

Members of Divers for Cleaner Lakes and Oceans hauled out 470 pounds of trash over two days

People stroll through rows of tulips in bloom during the Tulips of the Valley Festival on May 2, 2017. The colourful spring event, now called Chilliwack Tulips, opens on Sunday, April 11, 2021. (Jenna Hauck/ Chilliwack Progress file)
Chilliwack tulip attraction open this weekend after being closed last year due to COVID-19

More than 6.5 million bulbs in all at this year’s colourful Chilliwack Tulips event

B.C. Health Minister Adrian Dix and Premier John Horgan describe vaccine rollout at the legislature, March 29, 2021. (B.C. government)
1,262 more COVID-19 infections in B.C. Friday, 9,574 active cases

Province’s mass vaccination reaches one million people

People walk past the Olympic rings in Whistler, B.C., Friday, May 15, 2020. Whistler which is a travel destination for tourists around the world is seeing the effects of travel bans due to COVID-19. THE CANADIAN PRESS/Jonathan Hayward
Adults living, working in Whistler, B.C., eligible for COVID-19 vaccine on Monday

The move comes as the province deals with a rush of COVID-19 and variant cases in the community

RCMP crest. (Black Press Media files)
UPDATE: RCMP investigating after child, 6, dies at motel in Duncan, B.C.

The BC Coroners Service is conducting its own investigation into the circumstances around the child’s death

RCMP display some of the fish seized from three suspects who pleaded guilty to violating the Fisheries Act in 2019, in this undated handout photo. THE CANADIAN PRESS/HO - RCMP
3 banned from fishing, holding licences after overfishing violations near Vancouver Island

Mounties seized the group’s 30-foot fishing vessel and all equipment on board at the time

Join Black Press Media and Do Some Good
Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

Cannabis bought in British Columbia (Ashley Wadhwani/Black Press Media)
Is it time to start thinking about greener ways to package cannabis?

Packaging suppliers are still figuring eco-friendly and affordable packaging options that fit the mandates of Cannabis Regulations

B.C. Premier John Horgan responds to questions during a postelection news conference in Vancouver, on Sunday, October 25, 2020. British Columbia’s opposition Liberals and Greens acknowledge the COVID-19 pandemic has presented huge challenges for Horgan’s government, but they say Monday’s throne speech must outline a coherent plan for the province’s economic, health, social and environmental future. THE CANADIAN PRESS/Darryl Dyck
Horgan’s NDP to bring in throne speech in B.C., Opposition wants coherent plan

Farnworth said the budget will include details of government investment in communities and infrastructure

Most Read