Federal Support Announcement
To support Canadians and Canadian businesses through the COVID-19 pandemic, the government introduced a comprehensive set of measures, including the Canada Emergency Wage Subsidy, Canada Emergency Rent Subsidy, Lockdown Support and Canada Recovery Hiring Program.
The wage subsidy, rent subsidy and Lockdown Support are set to expire 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.
Today, the government is proposing to use this authority to provide tourism, hospitality and other hard-hit organizations with support until November 20, 2021 under two new programs:
The Tourism and Hospitality Recovery Program.
The Hardest-Hit Business Recovery Program
The government is also proposing to introduce legislation as soon as possible to extend these programs past November 20, 2021, until May 7, 2022, with authority for further amendments through regulations until July 2, 2022.