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The much-anticipated Federal Budget was announced April 19th and while the full budget document is over 700 pages, we want to bring focus to the good-news items for our members.
The items that will support most of our members are the supports for businesses, like CEWS, CERS, and Lockdown Support which are available to businesses that have suffered a loss of revenue due to the pandemic.
Wage Subsidy Extension
Rent Subsidy and Lockdown Support Extension
Introducing a new Canada Recovery Hiring Program
Although the budget did not specifically address the financial asks of the motor coach industry, it does lay the groundwork for supporting the tourism sector’s recovery. The recovery of festivals, attractions, sports, agriculture, and tourism as a whole will, of course, increase demand for motor coach tourism.
The 2021 Budget proposes supports that total to $1 billion over three years, which includes:
Other tourism-related funding includes:
Other important budget areas that may affect our members, directly or indirectly, include:
OMCA will continue to monitor the unfolding of this budget and will continue to work diligently at helping our members access the support that they need. We will also be working with Provincial and Federal governments and our partners on a framework for opening borders.