Provincial assistance measures for the tourism industry; financial assistance via Community Futures Development Corporations
Dear Madam,
Dear Sir
On 11 June, the Quebec government launched a Tourism Recovery Plan to help businesses through the crisis, announcing the following support measures:
- Creation of an emergency component for tourism businesses as part of the $446 million Programme d'action concertée temporaire pour les entreprises (PACTE).
- Addition of a $200 million component to the Programme d'appui au développement des attraits touristiques (PADAT) (Support programme for the development of tourist attractions)
- Enhanced regional tourism partnership agreements totalling $25 million
- Payment of an estimated $13.8 million in subsidies to hotels and B&Bs
This plan, worth over 750 million dollars, is also designed to support the development of supply and stimulate demand. In so doing, it will generate economic spin-offs in every region of Quebec.
Finally, we present some of the features of the financial assistance that will be available through the Community Futures Development Corporations (CFDCs).
Do not hesitate to contact one of Mallette's tax specialists or partners in your region among our 30 offices for more information: mallette.ca/join us