Benefits schemes have finally ended – but HR leaders have some very mixed reactions
As of October 23rd, Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Rent Subsidy (CERS) officially ended. In their place, Deputy Prime Minister and Finance Minister Chrystia Freeland revealed the Tourism and Hospitality Recovery Program and Hardest Hit Business Recovery Program – which are designed to be “more targeted and less expensive”. Both programs will be in place in Canada until May 2022. And while they are designed to reduce the financial burden on the federal government and help the country get back on its feet, for Canadian employers it may be bittersweet. HRD spoke to Lorenzo Lisi, partner at Aird & Berlis, who revealed what these changes mean for organizations and their people.