Written By Guest User, Posted on April 2, 2020
The impacts of COVID-19 have been widely felt on local businesses and employment, nationwide, since mid-March. With employment insurance claims exceeding 1.55 million over the past two weeks, massive layoffs have forced the government to increase its wage subsidy program, which covers the remaining 25 per cent of small business wages.
For small business owner and Member of Legislative Assembly, Devinder Toor, relief for small business could not come soon enough.
“From small business owners to blue-collar workers, everybody is worried,” says Toor. “I am receiving a lot of calls from my constituents, with the vast majority unsure how long they can keep their doors open.”
According to the Canadian Federation of Independent Business, the average cost that COVID-19 has had on small businesses amounts to $160,000 and continues to climb.
In another release, CFIB states 50 per cent of small business owners are planning layoffs, with 32 per cent of those who have closed unsure if they can reopen. Only six per cent have committed to expanding its workforce.
“While many are preoccupied with how they will keep their doors open, there is also genuine regard for the health and safety of their staff and customers,” says Toor, who urges his constituents to take “proper precaution and self-isolate.“
“At this time, we need to stand our ground as we will overcome this, together.”
“The United Conservative government recently announced $50 million in funding for those needing to self-isolate and be away from work,” says Toor. “A one-time payment of approximately $1,100 will be given as federal funding is made available.”
The Trudeau Liberals have introduced the Canada Emergency Response Benefit to supplement wage earners, including contract workers, the self-employed, and those previously seeking employment. $2,000 will be provided monthly to each recipient for four months, or until October, 3rd, 2020.
[…] National Telegraph […]