A federal agency that issued many corporate subsidy cheques during the COVID-19 pandemic saw staff complaining of overwork while facing “significant pressure” due to the influx of demand for the emergency funds, an internal audit report says. The report was prepared by the Office of Audit and Evaluation (OAE) at National Research Council Canada (NRC)…
Staff Who Processed Pandemic Emergency Benefits for Businesses Struggled Due to High Demand: Federal Report
CRA Paid Out $100 Billion in Wage Subsidies Without Any Screening, Auditor General Says
October 6, 2022
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Canada Revenue Agency (CRA) did not do cursory checks on claims requesting wage subsidies under a pandemic relief program using the information it already had before paying out $100.6 billion to businesses, including those in tax default, according to Auditor General Karen Hogan. “An example we saw was in the Emergency Wage Subsidy program,” Hogan…
Toronto Airport Loses $383 Million in 2020 as Passenger Numbers Plunge Due to COVID
TORONTO—Canada’s largest airport lost $383 million last year as the number of passengers plunged nearly 74 per cent from 2019 due to the COVID-19 pandemic. The Greater Toronto Airports Authority says its net loss compared with a $139.8-million profit in 2019 as revenues decreased nearly by half to $823.5 million, from $1.5 billion a year…
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