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The CRA seems to think this money is recoverable — that low-income recipients kept it in their savings accounts instead of spending it — but come on, there has to be a limit as to how long after the fact you can go after people, except in cases of outright fraud. While “wage subsidy” was in the name, there was actually no legal requirement for companies to use the money on wages. In fact, 68 publicly traded companies paid out dividends to shareholders while receiving the CEWS. A third of the 100 highest-paid CEOs in 2020 worked for companies that received the wage subsidy.Article content
This is where you should look for one of the root causes of current inflation. His generosity, the prime minister of canada and His government preferred throwing money at the problem while firing people left and right with no EI support.
Make everyone who didn’t qualify pay back every penny, and garnish their wages and bank accounts if they don’t. Debtors prison for those without jobs or bank accounts. No mercy!