Latest News

Targeted Recovery Programs

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:
    1. Average monthly revenue reduction of at least 40% over the first 13 qualifying periods for CEWS (12-month revenue decline)
    2. Current month revenue loss of at least 40%
  • Qualifying period is March 2020 – February 2021.
  • Program runs from October 24, 2021 – May 7, 2022.

Hardest-Hit Business Recovery Program https://www.canada.ca/en/department-finance/news/2021/10/targeting-covid-19-support-measures.html

  • Provides support to organizations not eligible for the Tourism and Hospitality Recovery Program that have been deeply affected since the start of the pandemic.
  • Subsidy rate of up to 50% from October 24, 2021 – March 12, 2022.
  • Subsidy reduced to half from March 13, 2022 – May 7, 2022.
  • To be eligible must follow a “two-key” eligibility system.
    1. Company must demonstrate revenue loss of at least 50% over the course of 12 months of the pandemic.
    2. Current month revenue loss of at least 50%.
  • If faced with temporary new local lockdowns businesses will be eligible for up to the max amount of the wage and rent subsidy programs, during the local lockdown, regardless of losses during the pandemic.
  • Program runs from October 24, 2021 – May 7, 2022.

Canada Worker Lockdown Benefit https://www.canada.ca/en/department-finance/news/2021/10/the-canada-worker-lockdown-benefit.html

  • Provides $300 a week to support eligible workers effected by government imposed lockdowns.
  • Eligible workers are those who are unable to work due to a local lockdown anytime between October 24, 2021 and May 7, 2022.
  • Workers must be ineligible for Employment Insurance (EI) or eligible but, not being paid benefits through EI during the same period.
  • Program runs from October 24, 2021 – May 7, 2022.

Additional details on these new initiatives can  be found at: https://www.canada.ca/en/department-finance/news/2021/10/government-announces-targeted-covid-19-support-measures-to-create-jobs-and-growth.html

Want to see your success story here?

Give us a call, send us an email, or drop in for a chat.

Contact Us

3209, 101 Sunset Drive
Cochrane, AB  T4C 0W7
P: 403-389-8272
E: infocfcwest@albertacf.com
  

Connect

Communities Served

Airdrie, Balzac, Banff, Bearspaw, Bottrel, Bragg Creek, Canmore, Cochrane, Crossfield, Dead Mans Flats, Elbow Valley, Exshaw, Ghost Lake, Harvie Heights, Madden, Morley, Redwood Meadows, Seebe, Kananaskis Improvement District, Improvement District 9 (Lake Louise and surrounding area)