1. Who is eligible to access the access additional IAP funding?
To access the extended IAP funding, a firm must have qualified and received IAP funding during the period of April 1 to June 23, 2020.
2. What kind of support does IAP offer?
IAP offers a wage subsidy to employers.
3. What eligible expenditures and costs can be funded by IAP?
IAP supports employee salaries only, specifically:
- All employees who will receive a T4 or a T4A
- Contractors are eligible under IAP as long as the firm issues a T4A to an individual and not a company
- Dividends are not eligible
- Business owners who have 2 or more supported firms under IAP must ensure they do not claim salary costs for the same employee under multiple IAP funding agreements
- All salaries must be paid directly by the firm approved for IAP funding
- There is no cap on the number of employees per company
4. What is the eligible claim period for the second round of IAP?
The eligible claim period for the IAP extended program is June 24, 2020 to December 19, 2020.
5. How can I apply?
Existing IAP funding recipients will be contacted over the coming weeks with more information on how to access funding from the extended program.
6. Can I access both IAP and CEWS?
Firms cannot be in receipt of both IAP and Canada Emergency Wage Subsidy (CEWS) funding for the same period.
7. How will funding decisions be made?
IAP is a merit-based program where funding decisions are made on a priority basis. Each request for funding is assessed based on merit criteria, eligibility does not guarantee funding.
8. How will NRC IRAP validate the information provided by applicants?
The information attested to by the firm in the IAP Funding Application Form will be subject to a due diligence process. As part of the assessment and validation process, the information provided will be shared with the Canada Revenue Agency.
Penalties may be applied where it is identified that an applicant has provided misrepresentation or false information.