Copy of Sample 5 _4_.png

Vote Smart!

Know How Each Party Platform Supports Our

Hospitality Industry

Conservative Party

The Conservative Party platform commits to:


CREATE JOBS:


  • The Conservative Party commites to taking immediate action to help the hardest hit sectors: The downturn has hit sectors like hospitality, tourism, and airlines particularly hard, resulting in a recession that has hurt women and young people the most. We need to rebuild and get people back to work.


  • Supporting small businesses: Small businesses are the engine of our economy. To rebuild, we will need thousands of new small businesses to fill the holes on our main streets.


  • Implement a national rapid screening program to allow businesses and public institutions to remain open in the face of future variants and protect our country


 

The detailed plan to get Canadians back to work includes four major initiatives to create jobs:

  • Canada Job Surge Plan: paying up to 50% of the salary of new hires for six months following the end of CEWS.


  • Canada Investment Accelerator: getting companies spending money and creating jobs by providing a 5% investment tax credit for any capital investment made in 2022 and 2023, with the first $25,000 to be refundable for small business.


  • Rebuild Main Street Tax Credit: providing a 25% tax credit on amounts of up to $100,000 that Canadians personally invest in a small business over the next two years, to get money flowing into main street businesses and create jobs.


  • Main Street Business Loan: providing loans of up to $200,000 to help small and medium businesses in hospitality, retail, and tourism get back on their feet, with up to 25% forgiven.



CANADA JOB SURGE PLAN:


The Conservative Party commits to paying up to 50% of the salary of net new hires for six months following the end of CEWS.


  • The government will pay at least 25% of the salary of a net new hire, with the subsidy increasing up to a maximum of 50% based on how long the new hire has been unemployed.


  •  The salary maximum will be the same as for CEWS.


  • This will get Canadians back to work and particularly benefit the long-term unemployed. To support the hospitality and tourism sectors and help ensure that women and young workers share in the recovery, Canada’s Conservatives will introduce a Dine and Discover Program:


  •  Provide a 50% rebate for food and non-alcoholic drinks purchased for dine-in from Monday to Wednesday for one month once it is safe to do so, pumping nearly $1 billion into this sector.


  • Launch the Explore and Support Canada initiative with a 15% tax credit for vacation expenses of up to $1,000 per person for Canadians to vacation in Canada in 2022, helping our tourism sector get back on its feet.


  • Eliminate the Liberal escalator tax on alcohol.



SUPPORT SMALL BUSINESSES:


Main Street Business Loan:


The Conservative Party commits to launching the "Main Street Business Loan" to provide loans of up to $200,000 ° The $60,000 Canada Emergency Business Account (CEBA) loan is too small for thousands of small and medium businesses.


  • Canada’s Conservatives will immediately offer a loan on similar terms but offering up to 4 months of pre-pandemic revenue up to a maximum of $200,000 n We will forgive up to 25% depending on a company’s revenue loss.


  • Making the first $25,000 of our Canada Investment Accelerator refundable for small business, providing a 5% investment tax credit for any capital investment made in 2022 and 2023. Rebuilding main street will take investment to create new jobs by opening new businesses to fill the gaps left by all those businesses that couldn’t survive Trudeau’s recession and the failure of his business support programs.


Main Street Tax Credit:


  • This will provide a 25% tax credit on amounts of up to $100,000 that Canadians personally invest in a small business over the next two years. This will give a strong incentive for Canadians to invest their money to help entrepreneurs rebuild our country.


  •  We will enable middle class investors to participate in the rebound while ensuring that those who want to open new stores, restaurants, and other small businesses to get Canadians back to work can get the investment they need.


  • Reform BDC to ensure that its loan programs are accessible to small businesses.


  • This will include broadening BDC’s mandate to have it guarantee a portion of loans that Canada’s banks make to small business, in the same way that CMHC guarantees mortgages.


  •  Look for ways to make it easier to start a business and reduce the time that entrepreneurs spend dealing with government when they should be concentrating on their business.


  • Fix the mortgage stress test to stop discriminating against small business owners, contractors and other non-permanent employees including casual workers.


 

ADDRESSING CREDIT CARD AND DEBIT CARD FEES:


Canada’s Conservatives will strengthen the Code of Conduct to better protect consumers and small businesses from fraud and things like unwarranted chargebacks that can be devastating for them.

CONSERVATIVE PARTY PLATFORM

Liberal Party

If re-elected, the Liberal Party platform commits that they will take every step necessary to help hardest hit businesses, create middle class jobs and ensure no one is left behind in their recovery.


Included in the Libery Party Platform are the following committments:


  • Introduce a temporary wage subsidy and rent subsidy stream for sectors like hotels, tour operators, convention centers and festivals experiencing a minimum of 40% revenue loss.


  • Qualifying businesses in these sectors would be able to access a maximum subsidy rate of up to 75%, commensurate to their revenue loss, in order to help cover fixed costs like wages and rent.



  • The subsidy would be available between September 2021 until May 31, 2022.


LIBERAL PARTY PLATFORM

New Democratic Party (NDP)

The New Democratic Party of Canada also unveiled an election platform with a number of commitments to support industry:


  • A continuation of the wage and rent subsidies until small businesses are able to fully reopen, as well as a long-term hiring bonus to pay the employer portion of EI and CPP for new or rehired staff.


  • An end to gouging by capping high credit card merchant fees at a maximum of 1%.


NEW DEMOCRATIC PARTY (NDP)  PLATFORM

Ontario Restaurant Hotel & Motel Association (ORHMA)

info@orhma.com | www.orhma.com


Facebook  Twitter  LinkedIn