Government Financial Support Programs
for Organizations
Enclosed is a list of current and major support programs for business provided through the Federal and Ontario governments as of November 1, 2021. For up-to-date information about these programs, please ensure that you visit the links in this document.

Federal Government Financial Support Programs

On Oct 21, 2021, the Government of Canada announced the proposal of the Tourism and Hospitality Recovery Program that will provide financial support to eligible organizations in the tourism and hospitality industry. Eligible organizations would be required to meet the following two conditions:
     - An average monthly revenue reduction of at least 40 percent over the first 13 qualifying periods for the Canada Emergency
       Wage Subsidy (12-month revenue decline); and
     - A current-month revenue loss of at least 40 percent.
More information about this program will be released when the legislation is passed.

On Oct 21, 2021, the Government of Canada announced the proposal of the Hardest-Hit Business Recovery Program that will provide financial support to organizations that have been deeply affected by the pandemic and do not qualify for the Tourism and Hospitality Recovery Program. Eligible organizations would be required to meet the following two requirements:
     - An average monthly revenue reduction of at least 50 percent over the first 13 qualifying periods for the Canada Emergency
       Wage Subsidy (12-month revenue decline); and

     - A current-month revenue loss of at least 50 percent.
More information about this program will be released when the legislation is passed.

The Government of Canada has announced a proposal to extend the Canada Recovery Hiring Program until May 7, 2022 for eligible employers with current revenue losses above 10 per cent and increase the subsidy rate to 50 per cent. The program helps employers to hire the workers they need to recover and grow, with a subsidy of up to 50 per cent of additional eligible salary or wages. 

Provincial Government Financial Support Programs

The Ontario Tourism Recovery Program support eligible Ontario-based, tourism businesses in the for-profit attractions, accommodations and transportation sectors that have been hardest hit by COVID-19. Program funding will help successful applicants prepare to re-open safely, develop adaptative and innovative tourism products, retain and create tourism jobs, and support tourism recovery in their region and throughout Ontario. Successful applicants will be able to use funding for expenditures such as:
     - reopening and operating expenses, such as staff salaries and maintenance
     - health and safety measures to support the safety of visitors and workers
     - attracting visitors through tourism product and experience improvements and marketing
The application opens on October 13, 2021 and closes on November 10, 2021. More information, including eligibility and how to apply, can be found here.

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