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PM briefing: PMJT beings by saying that he welcomes the Bank of Canada announcement. Strong fiscal action best thing govt can do. Wants to speak to small businesses in particular today. Understands small businesses can't keep employees on payroll but no income #cdnpoli #COVID19
#BREAKING the Prime Minister announces the government will pay up to 75% of wages for qualifying companies and will be backdated to Sunday March 15th #cdnpoli #COVID19
Storefront businesses will also qualify for $40,000 loans with up to $10,000 forgiven #cdnpoli #COVID19
The small and medium sized businesses will be able to keep people on the payroll and those people will receive up to 75% of their wages paid by the federal government #cdnpoli #COVID19 #coronavirus
For those who have lost their job the beefed up EI benefits are available (previously announced). #cdnpoli #COVID19 #coronavirus
People will have till June to pay GST and HST payments and to pay taxes on imports - PM says this is the equivalent of $30 billion loan to businesses #cdnpoli #COVID19 #coronavirus
Prime Minister Trudeau says he hopes small and medium sized businesses who had to lay off staff due to COVID19 difficulties will rehire them now that the federal government will pay 75% of their wages. These business are backbone of the economy. #cdnpoli #COVID19 #coronavirus
PM again asks businesses to keep their employees on the payroll or consider hiring back if you've laid them off #cdnpoli #COVID19 #coronavirus
PM Trudeau says he has made it clear to US it would be "a mistake" to put troops near the border. Does not confirm whether the Trump Administration has taken a decision not to do this as per Wall Street Journal reporting last night #cdnpoli #COVID19 #coronavirus
Like EI, the wages will be a taxable benefit the PM says #cdnpoli #COVID19 #coronavirus
PM says he will continue to heed doctor's advice which is to continue with self isolation. Not clear what that advice is beyond his self isolation of 14 days after he started #cdnpoli #COVID19 #coronavirus
.@globalnews asks if the govt will drop their planned increase on the carbon tax scheduled to go up on April 1st as many agricultural groups have been advocated. PM says govt will focus on putting more money in ppl's pockets. #cdnpoli #COVID19 #coronavirus
Reporter yells "YES OR NO?!" from off mic... PM says they will focus on putting money in ppl's pockets and the way the carbon tax is designed puts money in pockets. Sooo not really clear there. #cdnpoli #COVID19 #coronavirus
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