Ottawa is expanding some of its urgent benefits and expanding the local regulatory program to include businesses that can remain open, but their capacity should be limited to half or more.
This, in particular, needs to be redefined as “contingentment,” Finance Minister Christiaan Freeland announced Wednesday during a virtual press briefing by federal ministers.
In addition, the minimum threshold for losing revenue for the current month has been reduced from 40% to 25% to take advantage.
These new eligibility criteria for the program in the event of local confinement allow eligible businesses to receive between 25% and 75% of their rent depending on the severity of their situation.
Similar changes were made to the Canadian Workers’ Lockdown Benefit, which provides $ 300 a week to workers who temporarily lose their jobs and suffer at least 50% of their earnings loss.
To this end, the government is revising eligibility criteria to include workers in companies that need to reduce their capacity by 50% or more.