The Tourism Relief Fund, administered by Canada’s regional development agencies and Innovation, Science and Economic Development Canada (ISED), 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. 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, this fund will position Canada to be a destination of choice when domestic and international travel is once again safe by:
empowering tourism businesses to create new or enhance existing tourism experiences and products to attract more local and domestic visitors; and
helping the sector reposition itself to welcome international visitors by providing the best Canadian tourism experiences we have to offer the world.
Contributions to businesses will be either:
non-repayable contributions up to $100,000 for up to 50 percent of eligible costs; or
fully repayable contributions up to $500,000 for up to 75 percent of eligible costs.
*NOTE: A business cannot receive a combination of a non-repayable and a repayable contribution for the same project.
Not-for-profit organizations and Indigenous entities (not generating profits) will be eligible for non-repayable contributions.
Project contribution amounts would not exceed $500,00
To learn more about this fund https://www.canada.ca/en/atlantic-canada-opportunities/campaigns/covid19/trf.html