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Canadian government announces Tourism and Hospitality Recovery Program
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01 November 2021

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Government of Canada

The Government of Canada has announced that passage of a budget implementation act has given it the authority to offer until 20 November 2021 a new COVID-19 recovery program to be known as the Tourism and Hospitality Recovery Program.

The government also plans to introduce ASAP legislation to extend the new program to 7 May 2022, with the possibility of further extension to 2 July 2022.

Organizations eligible to participate in the new program - on account of having been deeply affected by the COVID-19 pandemic - could include:

  • Hotels
  • Restaurants
  • Bars
  • Festivals
  • Travel agencies
  • Tour operators
  • Convention centers
  • Convention and tradeshow organizers
  • More

For eligibility, organizations must meet 2 conditions:

  1. Average monthly revenue reduction of at least 40% from March 2020 to February 2021, and
  2. Current-month revenue loss of at least 40%.

Any periods in which the organization was not operating for reasons other than a public health restriction would be excluded from this calculation.

The maximum subsidy rate for wages and rent would be 75% from 24 October 2021 to 12 March 2022.

Subsidy rates would begin at 40% for organizations with a 40% current month revenue decline, and increase in proportion to current-month revenue loss to 75% for those with a current-month revenue decline of 75% or greater.

Those subsidy rates would be reduced by one-half from13 March to 7 May 2022.

Go here to see the fine print.


David Boggs President/CEO ACRO Global|Publisher Tourism Marketer
David H. Boggs
President/CEO
ACRO Global
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TourismMarketer

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