Assistance programs for Canadian businesses and individuals have been extended until October 23 to counter the economic impact of COVID-19.
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“As our economies gradually and safely return to their feet, many workers and small businesses are on the verge of returning to business.
Ottawa announces extension of Canada Economic Stimulus Benefit (PCRE), Canadian Caregiver Economic Stimulus Benefit (PCREPA) and Canada Economic Recovery Sickness Benefit (PCMRE).
Four weeks were also added to the PCRE, bringing the duration to a total of 54 weeks at a rate of $ 300 per week. This extension of the program is also available to Canadians who have exhausted their EI benefits.
The eligibility period for the Canada Emergency Wage Subsidy, Canada Emergency Rent Grant and Containment Allowance will also be extended until October 23.
“By providing extra weeks of Canadian Economic Stimulus Benefit and extending the eligibility period for three stimulus purposes, we are making sure no one lags behind when the economy reopens,” Carla said. Inclusion.
Ottawa has promised an extension of these measures in the federal budget unveiled in April.
- Listen to Carolyn Saint-Hiller and Warda Etienne’s commentary on Danny St. Pierre’s microphone on QUB Radio.
A decision by the CFIB was applauded
The Canadian Federation of Independent Businesses (CFIB) quickly welcomed the announcement of a wage subsidy and rental assistance extension.
“Only 35% of SMEs have returned to their normal sales level, and the management of these federal events is great news,” she said in a Friday afternoon press release.
The CFIB has reservations about decisions related to the PCRE, due to a shortage of workers affecting many financial sectors.
“The CFIB warns the federal government to ensure that CESP or any other employment insurance measure does not return to work, in particular, ensuring that the benefits paid to part-time workers do not exceed the salaries they received before the epidemic,” it said.
The CFIB ruled that SMEs were experiencing a “significant reduction in demand” due to limitations in reception capabilities. Border closures and clients’ unwillingness to return to normalcy.