3.03.01 - “[The government will extend] the Canada Recovery Hiring Program until March 31, 2022 with the same parameters as planned for Period 22[, b]ring all businesses along to recovery and support them to hire the help they need.”
The program was extended longer than expected without modifications.
“Changes to the Tourism and Hospitality Recovery Program (THRP), the Hardest-Hit Business Recovery Program (HHBRP), the Canada Recovery Hiring Program (CRHP), and the Canada Emergency Wage Subsidy (CEWS).”
COVID-19 wage and hiring support for businesses: What the changes are
Royal sanction of the bill
“Part 1 amends the Income Tax Act and the Income Tax Regulations to extend subsidies under the Canada Emergency Wage Subsidy (CEWS), the Canada Emergency Rent Subsidy (CERS), and the Canada Recovery Hiring Program until May 7, 2022, as part of the response to the COVID-19 pandemic. Support under the CEWS and the CERS would be available to the tourism and hospitality sector and to the hardest-hit organizations that face significant revenue declines. Eligible entities under these rules would need to demonstrate a revenue decline over the course of 12 months of the pandemic, as well as a current-month revenue decline. In addition, organizations subject to a qualifying public health restriction would be eligible for support, if they have one or more locations subject to a public health restriction lasting for at least seven days that requires them to cease some or all of their activities. Part 1 also allows the government to extend the subsidies by regulation but no later than July 2, 2022.”
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