I would suggest that the wage subsidy would be at the top of the list. Mitigating costs would be second. The incentive fund, of course, would help us in recovery. That is moving forward and raising money for the recovery and growth and generational change that we would like to do.
For us, as I guess a relatively modest-sized arts organization in this country, our 2020 losses will be close to $3 million. Next year, moving into 2021, if there is no programming, with just the fixed costs alone and just a very small core staff left, the losses will be over $1 million. One of the problems in 2020 was that because of our collective bargaining agreements with actor unions, advance royalties, creatives and so on, a number of buyouts cost us nearly $1.5 million.
We won't have that next year, obviously, because we have not contracted anyone. We're looking at, next year, at least a $1-million loss without even putting a key in any of our theatre doors.