Article Date 05/03/2021

Image from : The globe and mail

Extending wage, rent subsidies to June 5 will cost $16-billion, Chrystia Freeland says

Source The Globe and mail

Federal subsidies for wages and rent will be extended at current levels until June 5, a move Finance Minister Chrystia Freeland said will cost about $16-billion.

The 12-week extension had previously been announced but it was not clear until Wednesday whether the size of the subsidies would be maintained. The Minister's latest cost estimate is in line with a provisional costing that the government released as part of the fall economic update in November.

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