The provincial government has just announced that they are looking to give three paid Ontario sick days to those who are missing work due to COVID-19.
In a press conference, Monte McNaughton, minister of labour, training and skills development, has stated that if passed, the Paid COVID-19 Leave legislation would give employees up to $200 of pay a day for three days of missed work.
According to a release, the program will be retroactive from April 19 until September 25, 2021. Reasons to take time off include getting tested, waiting for results while in isolation and getting a vaccine dose.
"Ontario workers now have access to the most generous sick day program coast to coast," states McNaughton. "We're the only province in Canada to introduce paid sick days specific to COVID-19."
The government has also announced that it is offering to double the Canada Recovery Sickness Benefit from $500 to $1,000 per week.
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If you're a Toronto millennial and you want to own a house, you should've been making nearly $200,000 a year before you were born.
That's according to a new report from the National Bank of Canada (NBC), released on May 4, which breaks down house prices in Toronto and calculates how long it takes to save up for a down payment on condos and non-condos in various Canadian cities.
The NBC reported that buying the average Toronto down payment on a house or non-condo would take an enormous 24.75 years (or 297 months) while on $183,594 yearly household income and putting away 10% each month.
Buying a Toronto condo isn't that much cheaper now, the NBC said; a Toronto household needs to make $125,202 each year and save up for 51 months to snag a down payment according to the data.
But Toronto isn't even the most expensive city on the list — that honour goes to Vancouver, where residents have to save up for over 30 years to put a down payment on a non-condo.