With both the Canada Emergency Rent Subsidy
(CERS) and Lockdown Support program set to expire in
June, the 2021 Federal Budget has extended
the programs to allow for a gradual phase-out, while still
supporting businesses.
Both programs will run for an additional four periods, beginning
on June 6, 2021, and ending on September 25, 2021.
Extending the CERS
The CERS will continue to provide a base subsidy based on
revenue decline for eligible renters, with the Lockdown Support
providing an additional 25% top-up subsidy if the renter is forced
to close or reduce operations due to public health
restrictions.
Similar to the extension of the Canada Emergency Wage Subsidy, the last three
periods will require the renter to have a revenue decline of over
10% in order to be eligible. If this requirement is not met, the
business will not be eligible for the CERS or Lockdown Support.
