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Abstract Let$$(h_I)$$ $\left(h_I\right)$denote the standard Haar system on [0, 1], indexed by$$I\in \mathcal {D}$$ $I\in D$, the set of dyadic intervals and$$h_I\otimes h_J$$ $h_I\otimes h_J$denote the tensor product$$(s,t)\mapsto h_I(s) h_J(t)$$ $(s,t)\mapsto h_I\left(s\right)h_J\left(t\right)$,$$I,J\in \mathcal {D}$$ $I,J\in D$. We consider a class of two-parameter function spaces which are completions of the linear span$$\mathcal {V}(\delta ^2)$$ $V\left({\delta }^2\right)$of$$h_I\otimes h_J$$ $h_I\otimes h_J$,$$I,J\in \mathcal {D}$$ $I,J\in D$. This class contains all the spaces of the formX(Y), whereXandYare either the Lebesgue spaces$$L^p[0,1]$$ $L^p[0,1]$or the Hardy spaces$$H^p[0,1]$$ $H^p[0,1]$,$$1\le p < \infty $$ $1\le p<\infty$. We say that$$D:X(Y)\rightarrow X(Y)$$ $D:X\left(Y\right)\to X\left(Y\right)$is a Haar multiplier if$$D(h_I\otimes h_J) = d_{I,J} h_I\otimes h_J$$ $D(h_I\otimes h_J)=d_{I,J}{h}_I\otimes h_J$, where$$d_{I,J}\in \mathbb {R}$$ $d_{I,J}\in R$, and ask which more elementary operators factor throughD. A decisive role is played by theCapon projection$$\mathcal {C}:\mathcal {V}(\delta ^2)\rightarrow \mathcal {V}(\delta ^2)$$ $C:V\left({\delta }^2\right)\to V\left({\delta }^2\right)$given by$$\mathcal {C} h_I\otimes h_J = h_I\otimes h_J$$ $C{h}_I\otimes h_J=h_I\otimes h_J$if$$|I|\le |J|$$ $\left|I\right|\le \left|J\right|$, and$$\mathcal {C} h_I\otimes h_J = 0$$ $C{h}_I\otimes h_J=0$if$$|I| > |J|$$ $\left|I\right|>\left|J\right|$, as our main result highlights: Given any bounded Haar multiplier$$D:X(Y)\rightarrow X(Y)$$ $D:X\left(Y\right)\to X\left(Y\right)$, there exist$$\lambda ,\mu \in \mathbb {R}$$ $\lambda ,\mu \in R$such that$$\begin{aligned} \lambda \mathcal {C} + \mu ({{\,\textrm{Id}\,}}-\mathcal {C})\text { approximately 1-projectionally factors through }D, \end{aligned}$$ $\begin{array}{c}\lambda C+\mu (\text{Id}-C)\text{approximately 1-projectionally factors through}D,\end{array}$i.e., for all$$\eta > 0$$ $\eta >0$, there exist bounded operatorsA, Bso thatABis the identity operator$${{\,\textrm{Id}\,}}$$ $\text{Id}$,$$\Vert A\Vert \cdot \Vert B\Vert = 1$$ $\Vert A\Vert ·\Vert B\Vert =1$and$$\Vert \lambda \mathcal {C} + \mu ({{\,\textrm{Id}\,}}-\mathcal {C}) - ADB\Vert < \eta $$ $\Vert \lambda C+\mu (\text{Id}-C)-ADB\Vert <\eta$. Additionally, if$$\mathcal {C}$$ $C$is unbounded onX(Y), then$$\lambda = \mu $$ $\lambda =\mu$and then$${{\,\textrm{Id}\,}}$$ $\text{Id}$either factors throughDor$${{\,\textrm{Id}\,}}-D$$ $\text{Id}-D$.