Canada Hiring Program
On June 2, 2021, Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, and the Minister of Small Business, Export Promotion and International Trade, the Honourable Mary Ng, announced that the new Canada Recovery Hiring Program, once approved by parliament in Bill C-30, will be available retroactively as of Sunday, June 6, 2021.
The Canada Recovery Hiring Program will help hard hit businesses hire the workers they need to recover and grow, and to do so at a pace that works for them, as different jurisdictions open at different paces. It provides eligible employers who have experienced a qualifying revenue decline with a subsidy of up to 50 per cent of eligible salary or wages so they can hire more workers, increase workers’ hours, or increase wages.
In addition, the federal government announced the proposed extension of the Wage Subsidy, Rent Subsidy, and Lockdown Support until September 25, 2021, and the Business Credit Availability Program and Highly Affected Sectors Credit Availability Program until December 31, 2021. These programs were set to expire in the coming weeks and this extension will afford businesses with certainty that they can take on the extra costs needed to rehire and be ready to return to growth.
Through these programs, the government is ensuring that businesses can continue to get the support they need and enabling them to invest in their longer-term prosperity, including businesses in hard-hit sectors like tourism and hospitality, hotels, arts and entertainment.