The parliamentary budget officer says the federal government’s plan to extend its wage subsidy will push the overall price for the program to almost $106.7 billion.
The budget officer’s report released this morning estimates that the majority, about $4.8 billion, in subsidies will flow to businesses that continue to see a steep, and persistent drop in revenues.
The remaining $666 million will flow out under a program targeting hard-hit companies in the tourism and hospitality sector.
The Liberals are proposing to extend pandemic aid to still-hurting businesses and provide a $300-a-week benefit to workers subject to a lockdown as part of a $7.4 billion aid bill before the House of Commons.
Finance Minister Chrystia Freeland is scheduled to testify about the legislation during an appearance this morning at the finance committee.
Freeland’s appearance is scheduled for two hours, which was part of an agreement with opposition parties to fast-track the aid bill through the House of Commons.
The Liberals want the bill, known as C-2, to get approval before parliamentarians go on their winter break at the end of next week.
This report by The Canadian Press was first published Dec. 9, 2021
var addthis_config = {services_exclude: "facebook,facebook_like,twitter,google_plusone"}; jQuery(document).ready( function(){ window.fbAsyncInit = function() { FB.init({ appId : '404047912964744', // App ID channelUrl : 'https://static.ctvnews.ca/bellmedia/common/channel.html', // Channel File status : true, // check login status cookie : true, // enable cookies to allow the server to access the session xfbml : true // parse XFBML }); FB.Event.subscribe("edge.create", function (response) { Tracking.trackSocial('facebook_like_btn_click'); });
// BEGIN: Facebook clicks on unlike button FB.Event.subscribe("edge.remove", function (response) { Tracking.trackSocial('facebook_unlike_btn_click'); }); }; requiresDependency('https://s7.addthis.com/js/250/addthis_widget.js#async=1', function(){ addthis.init(); }); var plusoneOmnitureTrack = function () { $(function () { Tracking.trackSocial('google_plus_one_btn'); }) } var facebookCallback = null; requiresDependency('https://connect.facebook.net/en_US/all.js#xfbml=1&appId=404047912964744', facebookCallback, 'facebook-jssdk'); });
var addthis_config = {services_exclude: "facebook,facebook_like,twitter,google_plusone"}; jQuery(document).ready( function(){ window.fbAsyncInit = function() { FB.init({ appId : '404047912964744', // App ID channelUrl : 'https://static.ctvnews.ca/bellmedia/common/channel.html', // Channel File status : true, // check login status cookie : true, // enable cookies to allow the server to access the session xfbml : true // parse XFBML }); FB.Event.subscribe("edge.create", function (response) { Tracking.trackSocial('facebook_like_btn_click'); });
// BEGIN: Facebook clicks on unlike button FB.Event.subscribe("edge.remove", function (response) { Tracking.trackSocial('facebook_unlike_btn_click'); }); }; requiresDependency('https://s7.addthis.com/js/250/addthis_widget.js#async=1', function(){ addthis.init(); }); var plusoneOmnitureTrack = function () { $(function () { Tracking.trackSocial('google_plus_one_btn'); }) } var facebookCallback = null; requiresDependency('https://connect.facebook.net/en_US/all.js#xfbml=1&appId=404047912964744', facebookCallback, 'facebook-jssdk'); });
More Stories
What Trudeau’s podcast appearances say about the Liberals’ next ballot box question
ANALYSIS | In videos and podcasts, Poilievre and Trudeau are eager to explain themselves — at length | CBC News
South Africa celebrates 30 years since end of apartheid, but discontent grows – National | Globalnews.ca