Important Information for Corporations: Changes to Covid-19 Subsidy Programs – March 2022
The Government of Canada has implemented/changed support programs for Canadian businesses facing financial
hardship as a result of the COVID-19 pandemic.

KEY POINTS RE: EXISTING PROGRAMS
• CEBA repayment extended to December 31, 2023
• CEWS subsidy program ended October 2021. Period 21 is the final period – application window closes April 21st, 2022

NEW SUBSIDY PROGRAMS AVAILABLE (BETWEEN NOV 2021 – MAY 2022)
Tourism and Hospitality Recovery Program (THRP)
Basic qualifications:
• Applicable to hotels, tour operators, travel agencies, recreational facilities and restaurants
• Greater than 50% of eligible revenue comes from one or more of the tourism, hospitality, arts, entertainment, or recreation activities
• Greater than 40% revenue reduction in current month and average of 12 months from March 2020 to February, 2021
• At least 40% revenue reduction in current month revenue
• 25% of business had to close for at least 7 days due to being directly impacted by mandated closures (Across any industry).

You do NOT qualify for support if you are already restricted or closed due to failure to comply with a previous public
health order, or decision.

Hardest-Hit Business Recovery Program (HHBRP)
Basic qualifications:
• Applicable to all eligible businesses
• Greater than 50% revenue reduction in current month and average of 12 months from March 2020 to February, 2021
• At least 40% revenue reduction in current month revenue

Canada Recovery Hiring Program (CRHP)
Basic qualifications:
• Applicable to all eligible businesses except public entities. Must be:
– For-profit corporation (either a CCPC or a cooperative corporation that is eligible for subsidy) or
– Partnership – At least 50% of FMV of partnership’s interests must be held (directly or indirectly) by employers eligible for CRHP throughout claim period
• Minimum revenue drop of greater than 10%
• Current period (being applied for) must have Payroll in excess of the businesses’ payroll in period 14 (March 14, 2021, to April 10, 2021). This represents the “hiring” required.

For more information on these programs please contact our office by calling 204-949-9113, or email us at info@fhblack.com