New COVID-19 Recovery Programs
21 Oct 2021
COVID-19, news
The wage subsidy, rent subsidy and Lockdown Support expired on October 23, 2021. The passage of the budget implementation act provided the government with the authority to further extend these programs until November 20, 2021.
The Government of Canada is proposing to use this authority to provide tourism, hospitality and other hard-hit organizations with support until November 20, 2021 under 2 new programs:
Tourism and Hospitality Recovery Program
Provides support through the wage and rent subsidy programs, to hotels, tour operators, travel agencies, and restaurants, with a subsidy rate of up to 75%.
Hardest-Hit Business Recovery Program
Provides support through the wage and rent subsidy programs, would support other businesses that have faced deep losses, with a subsidy rate of up to 50%.
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