OTTAWA – Some of the political parties claiming the federal government’s wage subsidy are comparing their lows of 2020 to election-year highs of 2019 in order to justify getting the taxpayer cash to pay their employees.
The Liberals, Conservatives, Greens and NDP all claimed the Canada Emergency Wage subsidy (CEWS), citing major drops in donations due to the pandemic. But financial reports released last week show the drops aren’t that unusual, as parties often take in less money when an election isn’t on the horizon.
According to the Elections Canada filings, the NDP took in $1.3 million in donations in the second quarter of 2020, which encompasses April, May and June, the same time frame as the initial federal wage subsidy. In 2019, the party took in $1.4 million, meaning their revenues were only slightly lower than they were a year ago.
The federal wage subsidy requires employers to show a 30 per cent drop in revenues to qualify for the taxpayer money to supplement up to 75 per cent of their payroll.