As your business advisor, we are committed to helping you navigate the impact of the pandemic to save you time and help your business through the crisis.
Updated June 21, 2022
The government has announced several economic measures to assist employers and their employees as a response to the COVID-19 pandemic.
Small and medium sized businesses who are implementing Alberta’s Restrictions Exemption Program can apply for a one time payment of $2000. Application intake closed on February 23, 2022.
These programs began October 24, 2021 and ended May 7, 2022. THRP provides help through wage and rent subsidies for hotels, tour operators, travel agencies, and restaurants with a subsidy rate of up to 75%. HHBRP provides wage and rent subsidy help for other businesses that have been deeply affected by the pandemic with a subsidy rate of up to 50%.
A lockdown support initiative has been announced that will help businesses subjected to further shutdowns. A wage and rent subsidy will be available up to the maximum amount for the duration of the business’s closure. The subsidy rates will be available through March 13, 2022 and will then decrease by half until they expire on May 7, 2022.
The CRA has launched the Canada Recovery Hiring Program (CRHP) to help businesses with employee wages. This program has been extended to May 7, 2022 and offers employers a subsidy to cover part of wages for new employees or employees whose wages or hours are increasing.
The Alberta Jobs Now Program is in it’s third intake period until available funding is allocated. Funding is available for employers to offset the cost of salary and/or training for new hires.
Work-Sharing (WS) is an adjustment program designed to help employers and employees avoid layoffs when there is a temporary reduction in the normal level of business activity that is beyond the control of the employer. The measure provides income support to employees eligible for Employment Insurance benefits who work a temporarily reduced work week while their employer recovers. This program is in effect until September 24, 2022.
Click on the button below to get started or call us to schedule a free confidential
discussion about how we can help grow your business.
Or Phone Us Today At (780) 466-6204
© 2021 KWB Chartered Professional Accountants
