Update on February 4, 2022 12:00 am
The new wage and rent support programs are extended until May 2022:
- Revenue declines must be at least 40% or 50% (depending on the industry) and a 12-month average revenue decline must be met.
- If a company is subject to a lockdown due to COVID-19, the criteria are relaxed:
- The minimum revenue decline is lowered to 40% for all industries.
- With the exception of periods 24 (January) and 25 (February), where the minimum is lowered to 25%.
- No 12-month average revenue decline will be required.
- The minimum revenue decline is lowered to 40% for all industries.
Do not hesitate to contact a member of our team or visit the government website for more details: COVID-19 wage and hiring support for businesses – Canada.ca