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Feds extend wage and rent subsidies until Oct. 23

8/4/2021

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The federal wage and rent subsidies have been officially extended another month, and will now expire Oct. 23. Federal Finance Minister Chrystia Freeland said the country's economy is recovering but uncertainty about the COVID-19 Delta variant means many businesses continue to need help.

"Give credit to the federal government for listening to concerns that recovery continues to be uneven and many businesses, specifically in tourism and travel, will need more time," Chamber CEO Bruce Williams said. "An extra month is helpful, but these businesses will need support until they can fully participate in the recovery."

As well as the extension, the maximum rate for the wage and rent subsidies is 40% for the period between Aug. 29 and Sept. 25. instead of being reduced to 20%, as announced in Budget 2021.

"Eligible employers would still also be able to apply for the new Canada Recovery Hiring Program instead of the wage subsidy if they so choose," states the federal announcement.

The hiring program helps employers hire staff, and increase workers' hours or wages, as their business picks up. The program is available from June 6 until Nov. 20, and is designed to help employers move away from subsidies at their own pace.



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  • Membership
    • Why Join?
    • Job Board
    • Member to Member Offers
    • Benefits, Discounts & Savings >
      • Chamber Store
    • Chamber Local
    • 1863 Impact Award
    • Questions & Answers
    • Join Now
    • Member Login
  • Member Directory
  • Events
    • Signature Events >
      • Annual Auction
      • Business Awards >
        • 2023 Business Awards
      • Picnic in the Park
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Small Business Month
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • BizNews Articles
    • Advocacy / Wins for Business >
      • Advocacy Wins
      • Business Property Taxes
      • Advocacy Priorities
    • Chamber Chats
    • In the News >
      • Published Op-Eds
      • Media Releases
    • Non-market housing
    • Find and keep workers
    • Business Matters Magazine
    • COVID-19
  • The Chamber 1863
    • 1863-Indigenous
    • 1863-Early Chamber
    • 1863-History Events
    • 1863-Booms and Busts
    • 1863-Members & Communities
    • 1863-Women, people and organizations
    • 1863-Committees
    • 1863-Chairs and Chair Businesses
  • About Us
    • Emerge >
      • Emerge Events
      • Emerge Mentorship
      • Emerge Connect
    • Staff Directory
    • Board & Governance >
      • Governors
      • By-Laws, Plans & Reports
      • Committees
    • Chamber History
    • Partners & Sponsors
    • About Victoria >
      • Starting a Business
      • Moving Here
      • Visiting Victoria, BC
    • Contact Us