OTTAWA — The ministers of Finance and Small Business, Export Promotion and International Trade provided new details about the Canada Recovery Hiring Program and announced an extension of the Highly Affected Sectors Credit Availability Program (HASCAP) to December 31, 2021.
Originally set to expire on June 30, 2021, the ministers re-stated that the HASCAP extension will help support the re-opening and recovery of hotels.
Moreover, the Canada Recovery Hiring Program, outlined in the 2021 budget, aims to cover some hiring costs for businesses that continue to experience a financial decline. The program will provide a subsidy of up to 50 per cent of eligible salary of wages and is available now until November 20, 2021. To be eligible, an employer must prove a revenue decline that’s sufficient to qualify for the Canada Emergency Wage Subsidy (CEWS).
“While we welcome these announcements, we’re acutely aware of the steep decline of the CEWS and CERS support programs and we’re working hard to get further extensions in the fall,” says Susie Grynol, president and CEO of Hotel Associations of Canada.