'We all deserve and need help': Alberta businesses hope pandemic subsidies are more inclusive
CTV
While some businesses are relieved the federal government is continuing critical assistance programs, others are disappointed and confused by the new subsidies.
While some businesses are relieved the federal government is continuing critical assistance programs, others are disappointed and confused by the new subsidies.
The Canada Emergency Wage Subsidy and Canada Emergency Rent Subsidy expired Saturday, but Ottawa announced a new set of relief measures to continue supporting small businesses.
The new Tourism and Hospitality Recovery Program targets the tourism industry, restaurants and bars. They are eligible to receive a subsidy rate of up to 75 per cent.
Another funding stream is available for any business that can prove it lost at least 40 per cent of its regular revenue due to COVID-19.
Different types of businesses fit within funding brackets, ranging from a subsidy of up to 50 per cent down to just 10 per cent.
It’s left Shara Vigeant, owner of SVPT Fitness and Athletics, and other business operators wondering where they fit in and why their losses aren't covered to the same extent as others.
Gyms currently fit into the 10 per cent funding bracket, Vigeant told CTV News Edmonton.
