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Aug 3, 2021

COVID-19 Update - August 3, 2021

Federal Government extends COVID-19 Benefits and Business Supports
Late last week, the government announced the extension of crucial COVID-19 support measures for Canadians and Canadian businesses in recognition that uneven economic reopening across regions and sectors means workers and businesses continue to need support. These extensions include:
  • Extending the eligibility period for the Canada Emergency Wage Subsidy, the Canada Emergency Rent Subsidy and Lockdown Support until October 23, 2021, and increasing the rate of support employers and organizations can receive during the period between August 29 and September 25, 2021.
  • Extending the Canada Recovery Benefit (CRB), the Canada Recovery Caregiving Benefit (CRCB), and the Canada Recovery Sickness Benefit (CRSB) until October 23, 2021.

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Canadian Chamber Webinar: Help for the Hospitality and Tourism Industry 
Tourism is a key contributor to Canada’s economy. It’s a sector that has been hit hard by COVID-19. Many businesses have been closed for months, their employees (including many summer students) out of work, which has affected many families and communities across Canada.
 
According to Statistics Canada, the tourism sector generated an estimated $104.4 billion in revenues in 2019, supported approximately one in 10 jobs in communities across Canada and contributed an estimated $45.1 billion in gross domestic product. The Canadian Chamber recently hosted a webinar with panelists representing various tourism and hospitality sectors. Listening to the webinar will give you new insights into the challenges the industry faces over the coming months.
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