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ARTICLE · 03 JUNE 2020

COVID-19: Rent Relief For Small Businesses

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Businesses face wide-ranging issues as the world responds to the COVID-19 pandemic. Here is the latest guidance from Torys

CanadaCoronavirus (COVID-19)
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Businesses face wide-ranging issues as the world responds to the COVID-19 pandemic. Here is the latest guidance from Torys.

Yesterday the Canada Mortgage and Housing Corporation released important details on the federal government's rent relief program for small businesses, the Canada Emergency Commercial Rent Assistance program (CECRA).

This update responds to some of the first wave of questions that came after the government's initial announcement of CECRA in April, including what rent is covered, whether landlords who are ground lessees can participate, and whether only mortgaged properties would be eligible. With more details now available, questions nonetheless remain as to how the program will work in practice.

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