Business COVID Relief
As an employer in Canada who has seen a drop in revenue during the COVID-19 pandemic, you may be eligible for a subsidy to cover part of the wages you pay employees. This subsidy will enable you to re-hire workers, help prevent further job losses, and ease your business back into normal operations.
For each applicable claim period, eligible employers can claim one of the following, whichever gives the highest amount:
Tourism and Hospitality Recovery Program (THRP) – Wage - Effective: October 24, 2021, to May 7, 2022
Hardest-Hit Business Recovery Program (HHBRP) – Wage - Effective: October 24, 2021, to May 7, 2022
Canada Recovery Hiring Program (CRHP) - Effective: June 6, 2021, to May 7, 2022
Canadian Emergency Rent Subsidy (CER): Subsidy of up to 75% of eligible expenses. Also includes an additional Lockdown Support of 25% if your business was significantly affected by a public health order. Applications to this program can happen retroactively back six months.
The Canada Worker Lockdown Benefit (CWLB) gives temporary income support to employed and self-employed people who cannot work due to a COVID-19 lockdown.
The CWLB is only available when a COVID-19 lockdown order is designated for your region. If you are eligible for the CWLB, you can receive $300 ($270 after taxes withheld) for each 1-week period. You may apply for any weeks your region is eligible between October 24, 2021 and May 7, 2022. The CWLB is administered by the Canada Revenue Agency (CRA).
Highly Affected Sectors Credit Availability Program (HASCAP): Aimed at sectors like tourism and hospitality, hotels, arts and entertainment, and will offer 100% government-guaranteed financing and provide low-interest loans up to $1 million for up to ten years. Available until March 31, 2022.