Value
Under this program, the maximum subsidy rate for the wage and rent subsidies would be set at 75 percent from October 24, 2021 to March 12, 2022Description
Support would be targeted to organizations in selected sectors of the tourism and hospitality industry that have been deeply affected since the outset of the pandemic and that continue to struggle.
Eligible Applicants
Examples of eligible organizations in the tourism and hospitality industry include hotels, restaurants, bars, festivals, travel agencies, tour operators, convention centres, convention and trade show organizers, and others.
Eligible organizations would be required to meet the following two conditions to qualify for this program:
- An average monthly revenue reduction of at least 40 percent over the first 13 qualifying periods for the Canada Emergency Wage Subsidy (12-month revenue decline); and
- A current-month revenue loss of at least 40 percent.
Eligible Expenses
Under this program, the maximum subsidy rate for the wage and rent subsidies would be set at 75 percent from October 24, 2021 to March 12, 2022 (claim periods 22 to 26).
Deadline Date
November 20, 2021; 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.Contact
Contact Name: Department of Finance Canada
Phone Number: 1-833-712-2292 or 613-369-3230
E-mail Address: financepublic-financepublique@fin.gc.ca
Website: https://www.canada.ca/en/department-finance/news/2021/10/targeting-covid-19-support-measures.html
