Canada launches online hiring calculator to help businesses

Canada Recovery Hiring Program-min

The Government of Canada remains committed to supporting Canadian businesses in the face of the ongoing pandemic. With the recently announced Canada Recovery Hiring Program (CRHP), hard-hit businesses will be able to hire the workers they need to recover and grow as local economies reopen. The CRHP supports payroll as businesses grow, whether as a result of hiring staff, increasing shifts, or increasing overall pay.

Today, the Honourable Diane Lebouthillier, Minister of National Revenue, launched an online calculator to help eligible employers prepare their CRHP applications. This calculator integrates the new CRHP with the Canada Emergency Wage Subsidy (CEWS), automatically showing applicants which subsidy will provide them with more support, based on the information they enter. 

Quick Facts about new Canada Recovery Hiring Program:

  • The CRHP will be available to support eligible employers for all claim periods from June 6, 2021, to November 20, 2021.
  • The CEWS is calculated based on eligible remuneration paid to eligible employees in a claim period. The CRHP is calculated based on incremental remuneration, which is the increase in the total eligible remuneration paid to active eligible employees in a claim period as compared to the total eligible remuneration paid to active eligible employees during the base period (March 14, 2021 to April 10, 2021, which is claim Period 14).
  • The CRHP will provide a subsidy equal to the incremental remuneration for a claim period multiplied by a fixed subsidy rate. The subsidy rate is 50% for claim period 17 and will gradually decrease to 20% by claim period 22.
  • Similar to the CEWS, the CRHP will have an automated validation system that will compare the claimant’s amounts against a number of key validations. Eligible employers whose applications pass through this automated validations process can expect to receive their payments by direct deposit within 3-5 business days.

The CRHP and the CEWS both support the payroll of eligible employers affected by the COVID-19 pandemic. However, while the CEWS was meant to help eligible employers keep their employees on their payroll and help them rehire, the CRHP is designed to encourage businesses to (re)hire and grow as the economy recovers. 

The CRHP and the CEWS are both based on four-week claim periods. From June 6, 2021 to September 25, 2021 (claim periods 17 to 20), the subsidies overlap so that, as CEWS rates gradually decline, eligible employers would still be able to receive support through the CRHP if they hire more workers or increase workers’ hours or wages. This will make it easier for eligible employers to hire new workers and do so at a pace that works best for them as different jurisdictions reopen their economies at different paces.

For the four overlapping claim periods, eligible employers can apply for either subsidy, based on whichever subsidy provides the higher amount of support. An eligible employer must claim the greater of the CRHP and the CEWS for a particular claim period, but not both. The CRHP web pages launched today include detailed information about eligibility requirements, how payment periods are structured, and how the CRHP is calculated.

Eligible employers will be able to apply for the CRHP as of July 7, 2021, when the Canada Revenue Agency (CRA) will open applications through  My Business Account and Represent a Client. The CRA will begin to issue CRHP payments to eligible employers during the week of July 12, 2021.

The CRA recognizes and appreciates the important role that stakeholders play in providing feedback on how the CRHP will operate. We look forward to continuing to work closely with businesses, non-profits, and charities as well as their representative organizations as we deliver the new CRHP to Canadians.

Other articles from mtltimes.catotimes.caotttimes.ca

paddle boarding

A new era of paddle boarding made in Quebec

learn about investing

What to learn about investing and money making

Share on facebook
Facebook
Share on twitter
Twitter
Share on linkedin
LinkedIn
Share on email
Email
Is it possible to get an A for a 5-paragraph essay assignment in 1 hour? We can safely say yes, a student can get an A+ mark if he turns to EduJungles


AI

Advantages of using AI in the casino industry

Casinos have started to utilize artificial intelligence to ensure that they provide the best service possible. AI is a resourceful tool for casinos to predict the future and make much more efficient decisions. Thankfully, this technology can be used for the benefit of players as well. This article will explore the advantages of using AI

Loto-Québec

Loto-Québec is looking for three millionaires! Check your lottery tickets!

Do you have lottery tickets that you still haven’t checked? You may be one of the winners Loto-Québec is looking for! Among these winners, there are three millionaires out there who have yet to claim their prize, including one with a claim deadline coming up Montréal, September 27, 2021 — Do you have lottery tickets that you still haven’t

Le Burger Week

Le Burger Week 2021 and the Montreal winner’s are…

This past September, Le Burger Week, presented by Saputo and Sysco and delivered with DoorDash, rolled out across the nation.  Over 700 participating restaurants across Canada, with this year’s edition having the highest number of participating restaurants ever! In Montreal, we had over 50+ participating restaurants, and 165+ participating restaurants across the province of Quebec! Furthermore, this year,

La Ronde Fright Fest

La Ronde’s Fright Fest enter at your own risk

“La Ronde’s Fright Fest is Québec’s most popular festival during the spooky season. Our signature event featuring our talented scareactors and bone-chilling haunted attractions is unlike any other, and is tailor-made for Halloween enthusiasts of all ages,” said La Ronde park president Sophie Emond.  Throughout the month of October, La Ronde will become the scariest

The Jardin Royalmount

What’s next at The Jardin Royalmount – Hint wear pink

The Jardin Royalmount will commemorate Mean Girls Day on October 3 with a screening of the hit movie Mean Girls with Lindsay Lohan. Doors open at 6:15 p.m., with showtime at 7:15 p.m. General admission tickets are $24.60 (adults) and $18.60 (children) and are available on a first come, first served basis. Guests are encouraged

Just For Laughs new show

Just For Laughs new show – Tickets available

Just For Laughs new show will be with Lebanese-American comic NEMR on January 15, 2022 at Club Soda. Born in San Diego and moved back with his family to Lebanon, NEMR has performed his stand-up comedy in English throughout the Middle East, where he has received great acclaim for breaking down barriers and uniting people

Mtltimes Subscription

The latest on what’s moving Montreal and the world – delivered straight to your inbox