On November 24th Bill C-2 was introduced to Parliament to implement the new subsidy programs announced in October. This bill included the following supports for businesses:
Extend the Canada Recovery Hiring Program (CRHP) until May 7th, 2022 and increase the rate back to 50%. This program started in June 2021 and now provides support to businesses that have seen a 10% or more revenue drop but have increased the amount paid to active eligible employees when compared to period 14 (March 14th to April 10th, 2021).
Tourism and Hospitality Recovery Program – This new program will provide support through wage and rent subsidies of up to 75%. These organizations would need to show an average monthly revenue reduction of at least 40% over the first 13 Canada Emergency Wage Subsidy periods and a current month revenue loss of at least 40%. Details have been released on the types of businesses covered under this program which include:
- Operating or managing a short-term lodging facility such as a hotel, motel, cottage or bed and breakfast
- Preparing and serving meals, snacks and beverages for immediate consumption such as restaurants, food trucks, caterers, coffee shops, or bars
- Operating a travel agency or as a tour operator, including sightseeing tours, cruises, steam train excursions or charter services
- Operating or managing a facility to provide recreations activities such as fitness centers, ski areas, marinas, sports clubs and other amusement activities
- Operating or managing campgrounds, hunting or fishing camps
- A complete list of business types can be found here.
Hardest-Hit Business Recovery Program – This new program will support other businesses that have faced deep losses and don’t qualify under the Tourism and Hospitality Recovery Program through wage and rent subsidies with a rate of up to 50%. These organizations would need to show an average monthly revenue reduction of at least 50% over the first 13 Canada Emergency Wage Subsidy periods and a current month revenue loss of at least 50%.
Local Lockdown Program – This new program will provide businesses that face temporary new local lockdowns with wage and rent subsidy support.
Details about when and how to apply for the additional CRHP periods and the new subsidy programs will be available in December 2021.