Officials told the Commons finance committee last week that online applications are to open April 27 and they expect to have processed 90 per cent of claims by May 4, with payments starting to roll out later that week.

The subsidy is retroactive to March 15 and available to companies that lost 15 per cent of their revenue in March or 30 per cent in April or May. The federal government will pay eligible companies 75 per cent of the first $58,700 earned by each employee, up to $847 per week for up to 12 weeks.

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