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ARTICLE · 02 MAY 2020

Canada Introduces Rent Relief For Small Businesses

The Government of Canada and all provincial and territorial governments have taken action to protect Canadians and businesses from the impacts of the COVID-19 pandemic...

CanadaCoronavirus (COVID-19)

The Government of Canada and all provincial and territorial governments have taken action to protect Canadians and businesses from the impacts of the COVID-19 pandemic, which has led to the introduction of the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. The official press release can be found here.

What rent assistance is the government providing?

On April 24 the federal government, in agreement with all provinces and territories, introduced the CECRA. This rent assistance is intended for small commercial businesses.

This program is intended to lower rent by 75% for small businesses that have been strongly affected by COVID-19 during April, May, and June 2020.

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