3.03.72 - “[We propose to extend] CEWS [Canada Emergency Wage Subsidy] and CERS [Canada Emergency Wage Subsidy] from 24 October 2021 to May 31, 2022 for certain industries. This extension is available exclusively for businesses with at least a 40% revenue loss in the following industries: hotels, tour operators, travel agencies, convention centers and festivals. The subsidy rate will be equal to the revenue loss compared to pre-COVID levels, up to a limit of 75%.”
The program should have been extended until May 31, not May 7.
“Tourism and Hospitality Recovery Program (THRP) – Rent // Effective: October 24, 2021, to May 7, 2022 // Hardest-Hit Business Recovery Program (HHBRP) – Rent // Effective: October 24, 2021, to May 7, 2022. “
“As a business, charity, or non-profit in Canada who has been affected by the COVID-19 pandemic, you may be eligible for a wage subsidy, a rent subsidy, or both through the THRP. // You may qualify if you are either // part of the tourism, hospitality, arts, entertainment, or recreation sectors, or // affected by a qualifying public health restriction. // The first way to qualify for the THRP is by meeting the following three conditions […] You have a 12-month average revenue drop from March 2020 to February 2021 of at least 40% // You have a claim period revenue drop of at least 40%.”