WebNov 6, 2024 · Claim periods - HHBRP summary (Wage) Period number Date to and from; Period 22: October 24, 2024 to November 20, 2024: Period 23: November 21, 2024 to … WebNov 1, 2024 · Under the THRP, eligible tourism and hospitality employers would be able to receive up to seventy-five percent (75%) rent and wage subsidies from October 24, 2024 to March 12, 2024 (i.e., claims periods 22 to 26). In order for employers in these sectors to be eligible for the THRP, they would be required to have:
Government Subsidy Programs in 2024 (THRP, HHBRP)
WebNov 2, 2024 · The rent subsidy is included in income immediately before the end of the qualifying period to which it relates, as is the Canada Emergency Wage Subsidy (CEWS), as per s. 125.7(3) of the Income Tax Act. For example, the subsidy for the 4 weeks ending October 24, 2024 is included in income on October 24, 2024, not when it is received. WebMar 3, 2024 · - HHBRP requires a loss of at least 50% in current months with respect to pre-Covid numbers, and with a historical 12 month average loss of at least 50%. - THRP requires that not only are you specifically in the hospitality, tourism, arts or entertainment sector, but that you have an average 12 month loss of at least 40%, and that your current ... cscvw50091
EY Tax Alert 2024-30 EY Canada
WebFeb 16, 2024 · Effective October 24, 2024, the Canada Emergency Wage Subsidy (CEWS) was replaced by two new programs: the Tourism and Hospitality Recovery Program (THRP) and the Hardest-Hit Business Recovery Program (HHBRP). Eligible employers may continue to apply for CEWS claim periods that are still open. Eligibility WebHas anyone here applied for the HHBRP and actually received payment? CERS was very quick, usually payment was deposited within a week. I've applied for HHBRP, first 3 periods, so we'll over a month ago for period 2, almost 2 actually, yet none of the applications have been processed and obviously no payment. WebRetailers experiencing severe revenue reductions after October 24, 2024, may still be eligible for a CEWS-like wage subsidy through the Hardest-Hit Business Recovery Program (HHBRP). Support for losses experienced from public health lockdown or capacity reduction orders can be accessed through the Local Lockdown Program (LLP) after December 19 ... cscvw74609