TRIP and PREP Deadlines Coming Up

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Licensed tourism operators and tourism-related businesses now have access to more funding thanks to extensions to both the Tourism Restart Investment Program (TRIP) and the Pandemic Relief Extension Program (PREP).

While we eagerly await restrictions to ease, a second intake is open for TRIP now with a maximum allowable contribution to $50,000, up from $18,000 in our first intake. We invite tourism operators and tourism-related businesses to apply to and take advantage of this program to help with restart costs for their business once visitors are welcomed back to the territory. Even if you applied for and received funding in the first intake, you can still apply and receive funding!

Funds can be used to:

  • develop marketing activities for Canadian (domestic) and international audiences
  • train and develop capacity in tourism experience delivery for new and returning employees,
  • adapt and enhance protocols for tourism activities, and
  • upgrade infrastructure for health and safety requirements to keep visitors and employees safe.

Make sure to apply to TRIP by February 9, 2022. You can find the application form and more information on the program page.

PREP has also received an increase – the maximum amount eligible that operators can claim has been upped to $150,000, from $100,000. This funding is meant to help operators with certain fixed costs in their business, and since Spring 2021 when the program was launched, many operators from all regions in the NWT have benefitted.

Eligible NWT fixed costs

PREP contribution rate

Commercial Rent

Commercial Mortgage (interest only) for tourism operators

Mortgage (principal and interest) for home-based tourism operators*

Up to 100% of each eligible NWT fixed cost, to a maximum of $150,000;
provided the amount being requested does not allow the applicant to generate a profit from its participation in this relief program.

Utilities (heat; electric; water and sewer; phone and internet)*

Subscriptions (for example, financial or booking systems)

Insurance

Financing or lease payments on tourism equipment (e.g. boats, snow machines, vehicles for tourism purposes) purchased before April 1, 2020 and not previously funded through a GNWT or federal program

Other NWT fixed costs as deemed reasonable at the sole discretion of ITI

The deadline to apply to PREP is March 31, 2022. You can find the application form and more information on the program page.

Did you know each region has a dedicated ITI Tourism Development Officer you can contact with questions and requests? If you need help with your application, contact your regional officer and they’ll be more than happy to assist you.

Beaufort Delta - Tourism_BeaufortDelta@gov.nt.ca

Dehcho - Tourism_Dehcho@gov.nt.ca

Sahtu - Tourism_Sahtu@gov.nt.ca

North Slave - Tourism_NorthSlave@gov.nt.ca

South Slave - Tourism_SouthSlave@gov.nt.ca

 

If you’re looking for federal benefits, there are two that will directly benefit the tourism sector and have been extended to May 7, 2022. Many of the eligibility and calculation rules for the wage subsidy under the THRP and the HHBRP are the same as they were for the Canada Emergency Wage Subsidy (CEWS).

Tourism and Hospitality Recovery Program (THRP) – Wage
Effective: October 24, 2021, to May 7, 2022

Hardest-Hit Business Recovery Program (HHBRP) – Wage
Effective: October 24, 2021, to May 7, 2022