In October, the Government of Canada announced that it would be releasing new recovery benefit programs for businesses that have been hardest hit by the COVID-19 pandemic. One of these programs was the Tourism and Hospitality Recovery Program (THRP).
While the name specifies tourism and hospitality, the list of qualifying industries and businesses is actually much broader.
Earlier this year we shared that the Employment Standards Act (ESA) was providing eligible employees with up to three days paid leave for infectious disease emergency leave (IDEL) related to COVID.
This paid leave started retroactively on April 19, 2021 and will continue until December 31, 2021. Paid IDEL is available for the following reasons:
On April 19, the federal government released the 2021 budget. In the budget, the government proposed additional support for businesses.
This includes extending the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) beyond the June 2021 end date, as well as introducing a new hiring program.
Canada United, created by RMC is a movement to support local businesses across Canada. The Canada United Small Business Relief Fund (CUSBRF) was created to help small businesses with the cost of expenses to reopen safely, or adopt e-commerce technologies to conduct more of their business online.
Over $14 Million has been contributed by the Federal Government, RBC, and Canada United partners to support economic recovery due to COVID-19.
Salons, clothing stores, sit down restaurants, gyms, public services, local attractions – these are just some of the many businesses that are not able to operate during these times, not to mention the number of businesses that have voluntarily shut down in an effort to protect their staff and customers.
To help support businesses through this difficult time, the Canadian Federal government is allowing for deferrals that will help ease the financial burden and give businesses time to focus on the matters at hand.
With all of the changes that have come our way as a result of measures put in place to reduce the spread of COVID, many businesses are facing reduced revenues. To help support businesses during this time, prevent additional job loss and encourage the hiring of previously laid-off individuals and new employees, the Canadian Federal Government has introduced as a wage subsidy program.
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