TRENTON, Canada

Canada’s government unveiled a new plan Monday to provide 75% wage subsidies to businesses due to the coronavirus, but warned of “serious consequences” for those who try to cheat the system.

Under the initiative, any business that has at least a 30% drop in revenue can get up to 75% of the first $58,700 of an employees’ annual wage, or $847 a week, provided the employee remains on the payroll whether working or not, Prime Minister Justin Trudeau said at his daily press conference.

And he encouraged businesses to pay the other 25% to employees.

“We are trusting

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