Thursday, April 9, 2020

WHAT IS ‘WSP’ OR WAGE SUBSIDIARY PROGRAM?

Justin Latest Policy Developments
Justin Latest Policy Developments

Prime Minister Justin Trudeau’s latest policy developments are an ongoing answer to the current fight against ‘COVID-19’. This is part of countrywide change management. Hence, sustainable developments from the Canadian Govt., i.e. resistance through action in the form of ‘WSP’ or Wage Subsidiary Program.

As the whole world is undergoing a crisis situation that cannot be taken for granted. In this regard, the Prime Minister has lately announced many policies. These are part and parcel with regard to the current developments of the global crisis.

Many businesses have been affected. The country is under lockdown and there are many self-employed workers and SMEs affected. Innumerable small businesses are currently under financial crisis due to ‘COVID-19’.

The aim of the current developments by Justin is to assure financial stability. Therefore, the importance is to highlight that businesses are not fully shut down. The Government wants people can join back work once the conditions are fully stable as normal.

Announced by the Honorable Prime Minister in his latest policy developments. Known by the name of the Wage Subsidiary Program, it aims for reforms through policy measurements.

This is as part of the recovery and sustenance efforts by the Canadian Govt. Amid the COVID-19 Outbreak and to overcome its financial effects. Loans are offered by the Govt. to SME’s preferably, and to large businesses.

The Govt. has announced a loan recovery program also for self-employed workers so that their losses can be sustained. This means making reconciliations to make sure that no Self-employed worker sustains losses. A work from the home facility is readily available for people in Canada according to Justin Trudeau’s Policies.

Furthermore, the Govt. is offering work sharing as well. Applies to those whose close relatives are undergoing the effects of Coronavirus. These are people who can’t work even from home.

Courtesy of MBE BLOG

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