Chamber of Commerce: Support Programs for Business Expanded

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Old CIBC

THUNDER BAY – BUSINESS – The Thunder Bay Chamber of Commerce says that the federal government is increasing supports for businesses impacted by the Omicron variant.

Federal Support Programs Expanded

  • Expand the Local Lockdown Program to include employers subject to capacity-limiting restrictions of 50 per cent or more; and reduce the current-month revenue decline threshold requirement to 25 per cent. Eligible employers will receive wage and rent subsidies from 25 per cent up to a maximum of 75 per cent, depending on their degree of revenue loss. The 12-month revenue decline test is not required in order to access this support.
  • Expand the Canada Worker Lockdown Benefit to include workers in regions where provincial or territorial governments have introduced capacity-limiting restrictions of 50 per cent or more.
Provincial Supports Announced
  • Through the new Ontario Business Costs Rebate Program, eligible businesses will receive rebate payments equivalent to 50 per cent of the property tax and energy costs they incur while subject to the current capacity limits. Applications will open in mid-January 2022.
  • The province is also providing additional support to help improve cash flows for Ontario businesses by providing a six-month interest- and penalty-free period to make payments for most provincially administered taxes