Government of Canada Subsidy programs

Mar 21, 2022
Government of Canada Subsidy programs

The Government of Canada has introduced 3 new subsidy programs to replace the programs that ended October 23rd, 2021. These programs are:

  • Tourism and Hospitality Recovery Program (THRP)
  • Hardest-Hit Business Recovery Program (HHBRP)
  • Canada Recovery Hiring Plan (CRHP) 

These programs are currently scheduled to run October 24th, 2021 to May 7th, 2022. If you would like us to calculate the subsidies for your company(s), please email us. We will send the document we require to be signed prior to calculating your eligibility.

Our fees associated with these new subsidies will be invoiced at an hourly rate for all work completed for the subsidy calculations. Once you sign the document, you are agreeing to this fee structure and will be billed at the end of each month for the time spent, including the time to calculate and determine if you are eligible to apply.

If you have questions regarding the programs, you can contact us.

 

RESOURCES FOR YOU

Business Benefits Finder

To see what programs you may qualify for, simply fill in the blanks.

https://innovation.ised-isde.canada.ca/s/?language=en_CA

Canada Emergency Business Account (CEBA) Repayment Deadline Extended

Repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended to December 31, 2023.
Source

Tourism and Hospitality Recovery Program (THRP)

Created specifically for businesses, charities or non-profits that are either part of the tourism, arts, hospitality, entertainment, or recreation sectors, or affected by a qualifying public health restriction.
Source

Hardest-Hit Business Recovery Program (HHBRP)

For eligible organizations who have faced deep losses due to the pandemic.
Source

Canada Recovery Hiring Program (CRHP)

Created to help employers hire the workers they need to recover and grow.
Source

Highly Affected Sectors Credit Availability Program (HASCAP)

If your business has had revenue decreases of 50% or more as a result of COVID-19, you may be eligible for a HASCAP loan ranging from $25,000 to $1 million. To apply, contact your primary financial institution. Check out the list of participating financial institutions here.

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