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Finance committee  We don't have specific data on the number of companies that would be affected. The only data we have is for companies that have applied. You have to go back and look at the applications for the Canada Emergency Wage Subsidy that have been made. We know the number of companies and

December 13th, 2021Committee meeting

Maximilian Baylor

Finance committee  As said earlier, the idea behind these programs was to target the hardest‑hit businesses and organizations at this point in the pandemic. That's why dates were set. The first criterion for determining whether businesses were hit hard during the pandemic is the 12‑month period. T

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  This is the case if the businesses are eligible for the hardest‑hit business recovery program or the Canada recovery hiring program.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  Just quickly, I'll note, as I indicated in a previous answer, that the Canada Revenue Agency has released numbers on their website for the wage subsidy and the rent subsidy. That's available. I understand that the intent is to be doing the same for the hiring program when that's

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  I'll try to answer the question. The tourism and hospitality recovery program includes a definition of the type of eligible businesses. The businesses that don't fall under this definition will need to use the hardest‑hit business recovery program.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  As noted earlier, this is the case if they don't fall under the definition for the program. However, in the case of a local lockdown, these businesses will be eligible for the same conditions and they can receive the same type of assistance.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  Maybe I can answer that one. Indeed, with regard to the intent, we've talked a lot about the pivoting and moving to the more restrained support programs, which are for the tourism and hospitality and hard-hit businesses. But also the notion is, as you rightly point out, that a lo

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  That is correct. My colleague Yves Poirier can maybe add to that, but yes, that's—

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  Again, I think Mr. Poirier could confirm, but, yes, that is my understanding.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  As I indicated, we committed to try to provide the answer as a follow-up, along with the other answers.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  My understanding is that it's part of the $7.4 billion, but that needs to be confirmed and would be confirmed when the answer is provided.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  As I indicated, the tourism and hospitality recovery program is intended to support the tourism and hospitality organizations that have been deeply affected and that continue to struggle through the pandemic. It's an area in particular that continues to be affected by the public

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  You mentioned the hardest-hit program, but I believe you're referring to the tourism and hospitality recovery program. That's the one that has the list. Effectively, that program is intended to support the tourism and hospitality organizations that have been deeply affected by t

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  Yes, my understanding is that this was part of the discussion. As I mentioned earlier, my colleague Yves Poirier was more involved with the consultation. He can perhaps add to that.

December 7th, 2021Committee meeting

Maximilian Baylor

Finance committee  I'm sorry, Mr. Chair. I can maybe just add that the economic and fiscal forecast again is sort of outside the scope of what is in the bill. It is something that is done by officials, like I say, on the economic and fiscal forecasting side, on the tax policy side. We're essentiall

December 7th, 2021Committee meeting

Maximilian Baylor