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Nov 30, 2021
COVID-19 Update - November 30, 2021
Federal Government Introduces Legislation to Provide Targeted COVID-19 Support
Last month, the government announced it is pivoting from broad-based economic support to targeted measures that provide support where it is needed, in order to create jobs and growth and prudently manage government spending.
Last week, the Honourable Chrystia Freeland, Deputy Prime Minister and Minister of Finance, introduced Bill C-2 in Parliament to implement the recently announced measures
. This bill would:
- Extend the Canada Recovery Hiring Program until May 7, 2022, for eligible employers with current revenue losses above 10% and increase the subsidy rate to 50%.
- Deliver targeted support to businesses still facing significant pandemic-related challenges.