On October 21, 2021 the federal government announced proposed changes to both business and worker support programs. It was confirmed that the existing general support programs that were scheduled to end on October 23, 2021 will in fact end on schedule. However, more focused assistance will be made available as discussed below.
Changes to business support programs included:
Applicants for these programs will use a new “two-key” eligibility system whereby they will need to demonstrate significant revenue losses over the course of 12 months of the pandemic, as well as revenue losses in the current month.
Businesses that face temporary new local lockdowns will be eligible for up to the maximum amount of the wage and rent subsidy programs, during the local lockdown, regardless of losses over the course of the pandemic.
These programs will be available until May 7, 2022, with the proposed subsidy rates available through to March 13, 2022. From March 13, 2022, to May 7, 2022, the subsidy rates will decrease by half.
The government also proposed the following changes to worker support programs:
We will provide more information as it becomes available. Backgrounders are also available on the targeted business support program and the new Canada Worker Lockdown Benefit on the Department of Finance site.