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On April 19, 2021, Canada released its 2021 budget. Budget provisions impacting employers include those that extend certain business support programs implemented in response to COVID-19; expand access to Employment Insurance (EI) benefits; amend the Canada Labour Code to improve job protections for gig economy workers, raise the minimum wage to $15/hour, and institute job protections for employees on leave; provide funding for job training; and promote diversity in corporate governance. The following briefly outlines these changes and proposals.
Supports for Businesses
Canada Emergency Wage Subsidy (CEWS)
CEWS will be extended until September 25, 2021. The subsidy rate will be gradually decreased commencing on July 4, 2021, to ensure an orderly phase-out of the program as vaccinations are completed and the economy reopens.