Tourism and Hospitality Recovery Program https://www.canada.ca/en/department-finance/news/2021/10/targeting-covid-19-support-measures.html
- Provides support through the wage and rent subsidy programs, to hotels, tour operators, travel agencies, restaurants, and others.
- Subsidy rate of up to 75% from October 24, 2021 – March 12, 2022.
- Subsidy reduced by half from March 13 – May 7, 2022
- Eligible organizations must meet 2 conditions:
- Average monthly revenue reduction of at least 40% over the first 13 qualifying periods for CEWS (12-month revenue decline)
- Current month revenue loss of at least 40%
- Qualifying period is March 2020 – February 2021.
- Program runs from October 24, 2021 – May 7, 2022.