Canada Recovery Hiring Program (“CRHP”)
The CHRP and the Canada Emergency Wage Subsidy (“CEWS”) support wages your company pays through different phases of Canada’s economic recovery. The CRHP will help eligible employers hire the workers they need to support their business and aid in the economy’s recovery. The program will be available through the Canada Revenue Agency (“CRA”), similar to the CEWS and the Canada Eligible Rent Subsidy (“CERS”).
An eligible employer may claim either CRHP or CEWS, whichever is more beneficial.
Subsidy amount?
If an eligible employer meets the revenue-decline threshold for a qualifying period, its subsidy amount would be equal to its eligible incremental remuneration multiplied by the CRHP subsidy rate for the qualifying period.
How is the incremental remuneration calculated?
Incremental remuneration for a qualifying period is the difference between total eligible remuneration paid to eligible employees during the qualifying period and total eligible remuneration paid to them during the baseline period. For calculation of total eligible remuneration paid for both the qualifying period and the baseline period, eligible remuneration for each eligible employee would be subject to a maximum of $1,129 per week.
Baseline period to compare to the qualifying period is March 14 – April 10, 2021.
What are the similarities and differences between the two (CRHP and CEWS) programs?
There are number of similarities and conditions that are consistent between the CRHP and CEWS programs. The following is an overview of each program:
As your trusted advisors, we can aid your organization via the review of your eligibility and assist you with filing the CEWS or CRHP claims. Please feel free to contact your McGovern Hurley advisor for further details.