Canadian Covid-19 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 heather@kingsolutions.ca and Heather 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 of $80/hour, plus applicable taxes, 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 Melissa (melissa@kingsolutions.ca) or Misty (misty@kingsolutions.ca).
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 Source
Repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended to December 31, 2023.
Tourism and Hospitality Recovery Program (THRP) Source
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.
Hardest-Hit Business Recovery Program (HHBRP) Source
For eligible organizations who have faced deep losses due to the pandemic.
Canada Recovery Hiring Program (CRHP) Source
Created to help employers hire the workers they need to recover and grow.
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.