The recent federal budget proposed the new Canada Recovery Hiring Program to provide support to eligible employers that continue to experience qualifying declines in revenues relative to before the pandemic. The program would offset a portion of the extra costs employers take on as they reopen, either by increasing wages or hours worked or hiring more staff. This support would only be available for active employees and will be available from June 6, 2021, to November 20, 2021. The aim is to make it as easy as possible for businesses to hire new workers as the economy reopens.
The proposed Canada Recovery Hiring Program would provide eligible employers with a subsidy of up to 50 per cent of incremental remuneration paid to eligible active employees between June 6, 2021, and November 20, 2021. Employers eligible for the Canada Emergency Wage Subsidy would generally be eligible for the Canada Recovery Hiring Program. Eligible employers must be Canadian-controlled private corporations (including a cooperative corporation that is eligible for the small business deduction), and also include individuals, nonprofit organizations, registered charities, and certain partnerships.
