Finance Minister and Deputy Prime Minister Chrystia Freeland announced on October 21 that the Canada Recovery Benefit (CRB) will expire on October 23, and will be replaced the next day by targeted benefits including restaurant subsidies and programs to help individuals whose work is impacted by COVID-19 lockdowns. The Canada Worker Lockdown Benefit will provide […]
The federal government is extending its existing wage and rent subsidies until late October in a move that should boost the recovery prospects of small businesses and restaurants. The Government of Canada announced on July 30 that supports including the Canada Emergency Wage Subsidy (CEWS), Canada Emergency Rent Subsidy (CERS), and Lockdown Support will be […]
Half of Canadian restaurants may not survive summer 2021 if the current level of COVID-19 support is reduced as planned in early July, warns Restaurants Canada. The federal government is currently planning to scale back the level of rent and wage subsidies available to businesses after Canada Day weekend on July 4. If that does […]
The Government of Canada has unveiled its 2021 Federal Budget and announced it plans to extend the existing wage and rent subsidies and lockdown top-up support until Sept. 25, 2021. The Budget proposes to gradually decrease the rates for the wage subsidy and rent subsidy, beginning July 4, 2021, with the intention to phase out […]
With 2020 in the rearview mirror, RestoBiz reviews ORHMA’s most-read news of the year, including announcements and advocacies.
The federal government has announced its intention to introduce new, targeted supports and rent relief to help hard-hit businesses.