Broadcasters and telecoms received over $300M from Covid wage subsidy programs in 2020

By Denis Carmel CARTT.CA HAS LEARNED large Canadian broadcasting and telecommunication enterprises collected significant amounts from the federal government’s Canada Emergency Wage Subsidy (CEWS) and Canada Recovery Hiring Program (CRHP) in 2020 and will likely receive more for 2021. The following companies have, according to the Canadian Revenue Agency (CRA), received subsidies: BCE: $122.9 million Québecor: $3.1 million Rogers: $90.5 million Telus: $38.6 million Stingray: $25.2 million Corus: $34.9 million Pelmorex: $6.3 million* According to the administer these programs, “a Canadian employer who has seen a drop in revenue during the COVID-19 pandemic, may be eligible for a subsidy to cover part of...