Programs Ending
The following programs ended as scheduled on October 23, 2021
- Canada Emergency Wage Subsidy (“CEWS”)
- Canada Emergency Rent Subsidy (“CERS”)
- Canada Recovery Benefit (“CRB”)
Programs Extended
The following programs have all been extended to May 7, 2022
- Canada Recovery Hiring Program (“CRHP”) – Extended with an increase in the subsidy rate to 50%
- Canada Recovery Caregiving Benefit (“CRCB”) – Extended with an increase in the maximum duration from 4 to 6 weeks
- Canada Recovery Sickness Benefit (“CRSB”) – Extended with an increase in the maximum duration from 42 to 44 weeks
New Programs
- Tourism and Hospitality Recovery Program (“THRP”) – Provides a wage and rent subsidy to hotels, tour operators, travel agencies, and restaurants, with a subsidy rate of up to 75%
- Hardest-Hit Business Recovery Program (“HHBRP”) – Provides a wage and rent subsidy to other businesses with a subsidy rate of up to 50%
Both programs will require an average revenue decline of 40% (for THRP) or 50% (for HHBRB) over the first 13 qualifying periods of CEWS in addition to a current month revenue decline of at least 40% (for THRP) or 50% (for HHBRB)
- Lockdown Support – if a business is subject to a public health restriction that results in at least a 25% reduction in revenue, then the business will be eligible for the THRP (regardless of what their industry is), they will get an additional 25% flat subsidy rate, and will not have to meet the 13 qualifying period revenue test
For full program details, please visit the Government of Canada’s website here.