Tourism Relief Fund

By mmuise
Description:

With a budget of $500 million over two years (ending March 31, 2023), including $50 million specifically dedicated to Indigenous tourism initiatives and $15 million for national initiatives, The Tourism Relief Fund supports tourism businesses and organizations to adapt their operations to meet public health requirements while investing in products and services to facilitate their future growth.


Comments on Funding:

Contributions to businesses will be either:
1. non-repayable contributions up to $100,000 for up to 50% of eligible costs;
2. fully repayable contributions up to $500,000 for up to 75% of eligible costs.

Not-for-profit organizations and Indigenous entities (not generating profits) will be eligible for non-repayable contributions.
Project contribution amounts would not exceed $500,000. The actual contribution amount will be based on the minimum amount required to carry out the project.

A business cannot receive a combination of a non-repayable and a repayable contribution for the same project.

Deadline: The application period is closed as of April 1, 2023.
Eligibility:

Applicants must:

  • be tourism entities that cater mainly to visitors, such as:
    a) businesses;
    b) not-for-profit organizations, such as tourism associations;
    c) municipalities, and
    d) band councils or other Indigenous organizations and cooperatives.
  • meet at least one of the following criteria:
    a) be a key supplier or operator in the visitor experience;
    b) be part of a defined tourism cluster or a tourism dependent community, including supporting downtown cores; or
    c) provide an anchor product or service in a tourism destination.
Application Steps:

Applicants must:

1. consult the applicant guide;

2. fill out the Tourism Relief Fund application form online;

3. send the form through the application for financial assistance page (https://www.canada.ca/e tlantic-canada-opportunities/services/application-for-financial-assistance.html) or by mail to the ACOA regional office in your province.

Documentation Needed:

For-profit applicants must submit a completed application form and the following supporting documents:
1. incorporation documents and information on ownership (names and percentage of ownership), 2. financial statements (current and last two years),
3. research and development (r&d) project plan, business plan and/or marketing plan,
4. supplier quotes,
5. copies of relevant permits and licences, 6. other relevant documents (specify).
Not-for-profit applicants and other applicants must submit a completed application form and the following supporting documents:
1. constituting / incorporating documents and list of directors/members of the board,
2. financial statements (current and last fiscal year),
3. description and mandate of the applicant, including the management and qualifications of key personnel,
4. HST rebate information (I.E. rebate rate), 5. one of the following two items is required: research and development (r&d) project plan or detailed project description, including milestones, costs, financing, key partnerships established and evidence of support from the community,
6. supplier quotes, 7. copies of relevant permits and licences,
8. other relevant documents (specify).

Other Things to Note:

1. The application period for the Tourism Relief Fund is closed as of April 1, 2023.
2. The TRF will provide $500M investment over two years (2021-2022 to 2022-2023) across Canada to support tourism businesses/organizations through investments to improve their offerings and adapt to public health measures for the short and long term.
3. Date modified: 2023-09-21

About the author
mmuise