Government Funding for Restaurants
Ontario Offering Free Training for Food and Beverage Careers
The Ontario government is investing almost $1 million to prepare over 600 people across the province for rewarding careers in food and beverage processing. This funding to Food and Beverage Ontario provides jobseekers with training, mentorship, and job placements with local employers in baking, food science, and food production and processing.
Error in spreadsheet for wage and hiring support may have affected your eligibility
The federal government is advising that recent applicants for the Tourism and Hospitality Recovery Program (THRP) may have been affected by an error in the calculation spreadsheet for wage and hiring support, which erroneously showed they were ineligible for the THRP when they may have been eligible.
Changes to Federal Tourism and Hospitality Recovery Program
From December 19, 2021 to February 12, 2022, businesses with a current-month revenue loss of 25% and who are affected by a capacity-limiting public health restriction of 50% or more are eligible to apply for the Tourism and Hospitality Recovery Program (THRP) wage and rent subsidies.
*The government has announced its intent to extend the wage and rent support eligibility criteria for businesses and other organizations in effect for claim periods 24 and 25 until March 12, 2022, to include claim period 26.
Please note that recent applicants for the THRP may have been affected by an error in the calculation spreadsheet for wage and hiring support, which erroneously showed they were ineligible for the THRP when they may have been eligible.
Changes to CEBA loan repayment deadline
The Canada Emergency Business Account (CEBA) program has provided interest-free, partially forgivable loans to nearly 900,000 small businesses and not-for-profit organizations to help them navigate the pandemic and remain resilient.
The repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022, to December 31, 2023, for all eligible borrowers in good standing.
Provincial Tourism Economic Development and Recovery Fund
As a reminder, the Tourism Economic Development and Recovery Fund (TEDRF) is an application-based, cost-sharing program designed to provide non-capital funding to projects that either:
- Encourage the development of innovative new tourism products.
- Support tourism investment
- Build the capacity of Ontario’s tourism industry
The program also supports innovative tourism recovery projects aimed at increasing tourism within Ontario to address the reduction in global travel as a result of coronavirus (COVID-19).