Employers operating or connected to Toronto Pearson can find here immediate services to support crisis as well as access the latest information on relief programs, grants, community support, and upcoming re-skilling, upskilling, and employment programs. In addition, there are plans to launch an airport-wide job portal to help employers and job seekers connect.
Canada Emergency Wage Subsidy
As a Canadian employer who has seen a drop in revenue due to COVID-19, you may be eligible for a subsidy to cover part of your employee wages, retroactive to March 15. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease you back into normal operations.
Work-Sharing program extended
The federal government is extending the Work-Sharing program from 38 weeks to 76 weeks. The extension is not limited to one specific sector or industry. Available: Effective Mar. 15, 2020 to Mar. 14, 2021.
Large Employer Emergency Financing Facility
The loan plan provides support to employers with annual revenues of more than $300 million whose credit needs aren't being met through conventional financing. To qualify, businesses must be looking for financing of $60 million or more and have significant operations or large numbers of employees in Canada and must not be involved in any ongoing insolvency proceedings.