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Feds replace relief programs with targeted support

10/27/2021

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In an effort to reduce spending, the federal government announced two new targeted relief programs to replace now-expired subsidies.
 
The Tourism and Hospitality Recovery Program and the Hardest-Hit Business Recovery Program will be accessible to fewer businesses than previous programs. The wage and rent subsidies, specifically, were widely used by businesses across Canada to ride out the pandemic recession. Both programs ended Oct. 23.
 
Eligibility for the new programs requires businesses to show significant revenue loss over 12 months of the pandemic as well as in the current month.

  • The Tourism and Hospitality Recovery Program provides wage and rent support to hotels, tour operators, travel agencies and restaurants, with a subsidy rate of up to 75 per cent.
  • The Hardest-Hit Business Recovery Program provides support for other businesses that have faced deep losses, with a subsidy rate of up to 50 per cent.
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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
      • Business Hall of Fame
      • Business Leaders Series
    • Event Calendar >
      • Chamber Events
      • Community Events
    • Event Photos 2023
    • Sponsorship
  • News & Advocacy
    • Weekly BizNews >
      • 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
  • 1863 Home
  • 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