Business in Vancouver: What the new 75% wage subsidy means for B.C. businesses

  • March 30, 2020


Ken Peacock couldn’t help but raise an eyebrow when the federal government unveiled a wage subsidy for small businesses earlier this month.

“My main thought when they announced 10% only a week ago was that, that was going to do very little,” said the chief economist at the Business Council of B.C.

“That allows them to keep one or two people out of 10.”

But Ottawa had a come-to-Jesus moment of sorts Friday (March 27), revealing that it would increase that subsidy to 75% so small businesses can keep more workers on their payrolls as the pandemic dramatically slows the economy.

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