In response to the ongoing advocacy efforts of Restaurants Canada, the federal government has announced the following updates to a few key programs helping businesses pull through the COVID-19 crisis:
- The Business Credit Availability Program (BCAP) and Highly Affected Sectors Credit Availability Program (HASCAP) are being extended from June 30 to Dec. 31, 2021.
- Funding through the soon-to-be introduced Canada Recovery Hiring Program will be available retroactively to June 6, 2021.
- As promised in the federal government’s recent budget announcement, the wage subsidy, rent subsidy, and lockdown support programs will be extended until Sept. 25, 2021 instead of expiring this month. Federal budget legislation will make it possible for a further extension of these programs until November 2021.
For more information on the extension of these support programs, please see the official backgrounder from the Department of Finance.
Help us raise your voice
Restaurants Canada is continuing to discuss our recommendations for strengthening these critical sources of emergency aid with key government policymakers participating in our Restaurant Revival Working Group.
We welcome your feedback. Please send any questions or comments about any federal support programs to Olivier Bourbeau, Restaurants Canada Vice President, Federal and Quebec at: OBourbeau@restaurantscanada.org
Restaurants Canada Digital
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