Fix CEWS, no more wage subsidies for big profitable corporations

The Canada Emergency Wage Subsidy (CEWS) was created to support struggling businesses and prevent worker lay-offs. But some of Canada’s biggest and most profitable companies have been exploiting the program to fatten their pockets.[1]

We’ve flagged at least 64 companies who took CEWS, but were performing so well that they were able to pay over $15 billion in dividends to shareholders and CEOs.

Bell took $122 million in wage subsidies while making $2.6 billion in profits and still laid off workers. Extendicare, a private long-term care company, nearly doubled their profits from last year and still took $91 million in wage subsidies.

Big corporations are abusing CEWS to pickpocket public funds from taxpayers during an unprecedented crisis. Instead of fixing the program, our government has extended CEWS for months to come. [2]

Luckily, the federal government is planning its fiscal budget right now. It’s a chance to tell the government to end the billions in handouts to big corporations. Will you sign this petition and tell the government to fix CEWS and stop wage subsidies from going to big profitable corporations?

 


Sources:
[1] Pandemic Pickpockets Website
[2] CBC News, Federal wage and rent subsidies extended until June

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Sources:
[1] Pandemic Pickpockets Website
[2] CBC News, Federal wage and rent subsidies extended until June