End Of Pandemic Support For Business

November 3 is the last day for the retroactive claiming of certain pandemic support provisions. Have you spoken about these opportunities to business owner clients you work with? Here are the details:

The last period (period 28) for  the Canada Recovery Hiring Program (CRHP), the Tourism and Hospitality Recovery Program (THRP), and the Hardest-Hit Business Recovery Program (HHBRP) ended on May 7, 2022. The deadline for application for this period is 180 days after the end of the period – that’s November 3, 2022.

Period 28 included the four weeks from April 10 to May 7, 2022.

The CRHP program provided up to 50% of the eligible remuneration paid to employees if the business suffered a revenue drop of 75% or more. The THRP program provided up to 37.5% of the eligible remuneration paid to employees if the business suffered a revenue drop of 75% or more. The HHBRP provided up to 25% of the eligible remuneration paid to employees if the business suffered a revenue drop of 75% or more.

Final applications can be made through My Business Account, through Represent a Client, or on the CRA website via Web Forms.

Additional Educational Resources:  Audit Defence Course which is ideal for bookkeeping, accounting, tax, and financial service professionals who wish to obtain the necessary skills to assist or direct the budgeting and forecasting process, helping clients to grow their small business or prepare for external parties, such as financial or strategic partners.  It is also an ideal course for professionals who wish to formalize training in this area to grow their own practice.  

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