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ARTICLE · 30 DECEMBER 2021

Tourism And Hospitality Recovery Program, The Hardest-Hit Business Recovery Program And Other COVID-19 Support Programs And Changes

McCarthy Tétrault
McCarthy Tétrault
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McCarthy Tétrault

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On Friday, December 17, 2021, Bill C-2, An Act to provide further support in response to COVID-19 ("Bill C-2") received Royal Assent and is now law.

CanadaMedia, Telecoms, IT, Entertainment
Tax Perspectives
Tax Perspectives
Colton Dennis
Colton Dennis
Stefanie Morand
Stefanie Morand
Jeremy Ho
Jeremy Ho
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On Friday, December 17, 2021, Bill C-2, An Act to provide further support in response to COVID-19 ("Bill C-2") received Royal Assent and is now law. This legislation implements the new COVID-19 recovery programs and changes to certain existing programs that the Government of Canada (the "Government") announced on October 21, 2021, as well as some additional changes. Notably, while the enacted version of Bill C-2 is substantially the same as the version first tabled on November 24, 2021, the enacted version also includes:

(i) provisions intended to prevent publicly traded companies and their subsidiaries from paying dividends while benefiting from wage subsidy support, and

(ii) a provision mandating that the Auditor General of Canada undertake a performance audit in respect of the Canada Emergency Response Benefit ("CERB"), the Canada Emergency Wage Subsidy ("CEWS"), the Canada Worker Lockdown Benefit and the Canada Recovery Benefit.

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