We would like to follow the guidance of Dr. Tam, the public health authority who says that once 75% of Canadians have one vaccine and 20% of Canadians have their second vaccine, we can see an easing of restrictions that will not impact our health care system.
All the modelling suggests that will happen this summer and that we can reach that first milestone in June and that second milestone in July. I have spoken to tourism operators in Atlantic Canada. I spoke to somebody in New Brunswick, and 100% of their bookings are from Quebec. Right now she's going to have to turn them all away.
I was talking to another operator on Prince Edward Island. This is an operation that normally employs four people year-round and up to 200 seasonal staff. In an average year, they have a net profit of about $300,000. With the wage subsidies and other supports, last year they lost $300,000. With the decline in the wage subsidy as it is depicted in the budget, they will lose an additional $80,000. They will be in the hole $380,000 this year on top of the $300,000 they lost last year. This is not a sustainable model. We need to get the bubble opened.