OTTAWA — The federal government has passed Bill C-2, providing tourism-and-hospitality businesses with much-needed wage and rent subsidies through the Tourism and Hospitality Recovery Program created by the Hotel Association of Canada (HAC).
In essence, this $3 billion support package will deliver the following:
- Wage and rent subsidies to hotels, with a subsidy rate of up to 75 per cent through the Tourism and Hospitality Recovery Program
- Wage and rent subsidies to other struggling businesses, with a subsidy rate of up to 50 per cent through the Hardest-Hit Business-Recovery Program
- Maximum amount available through the wage and rent-subsidy programs for businesses facing new local lockdowns through the Local-Lockdown Program
- Extending the Canada Recovery Hiring Program until May 7, 2021 for eligible employers with current revenue losses above 10 per cent and increasing the subsidy rate to 50 per cent
“I would like to thank several key organizations. First, to you, our members. This program took months of work and you all answered our call, got involved and did some heavy lifting. Thank you for your incredible engagement,” said Susie Grynol, president and CEO of HAC in a press release. “To our provincial and city hotel association partners who worked alongside us. And, to all members of the Coalition of the Hardest-Hit Businesses, including my co-chair, Beth Potter at the Tourism Industry Association of Canada (TIAC). This was a moment of unity for the sectors in travel, hospitality and tourism, and we’ve made history together.”