WebApr 11, 2024 · Claim periods 22 to 28: Starting on October 24, 2024, the rent subsidy claim period numbers align with the wage subsidies. The first claim period for rent subsidies under the Tourism and Hospitality Recovery Program (THRP) and the Hardest-Hit Businesses … WebOct 24, 2024 · Eligible entities who qualify under these rules can receive a wage and/or rent subsidy of up to 75% in periods 22 to 26 and up to 37.5% for periods 27 and 28, as calculated under the THRP rules noted above. December 22 update:
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WebThe highest subsidy rate for this program is 50% for claim periods 22 through 26 (October 24, 2024, to March 12, 2024).The highest subsidy rate is 25% for claim periods 27 and 28 (March 13, 2024, to May 7, 2024). Check out the subsidy rate table on the federal government’s website for further information on how to calculate your rate. WebTourism and Hospitality Recovery Program (THRP) Subsidy towards wages and rent or property expenses (property tax, property insurance, and mortgage interest) that are incurred in the ordinary business activities for businesses experiencing revenue declines Subsidy rate For periods 22-26: 40%-75%, corresponding to claim period revenue decline gallagher mbs1000i
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WebThe highest subsidy rate for this program is 50% for claim periods 22 through 26 (October … WebDec 1, 2024 · The new Tourism and Hospitality Recovery Program ( THRP) is intended to provide wage and rent subsidy support of up to 75% to certain organizations in the tourism and hospitality industry including hotels, tour operators, travel agencies, and restaurants. WebOct 24, 2024 · A claim period revenue drop of at least 50% How does the subsidy work? … gallagher mbs800