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ARTICLE · 23 JUNE 2020

Quebec Government Update - June 4 To June 16, 2020

Gowling WLG
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In recent weeks, the Government of Quebec has announced a number of financial measures to promote Quebec's economic recovery.

CanadaCoronavirus (COVID-19)

Quebec government measures

In recent weeks, the Government of Quebec has announced a number of financial measures to promote Quebec's economic recovery, including the following:

  • The Minister of Economy and Innovation announced that improvements will be made to the Canada Emergency Commercial Rent Assistance (CECRA) program for small businesses. Initially, this program offered commercial landlords a forgivable loan equivalent to 50% of the rent. Tenants are required to pay 25% of the rent, whereas landlords are required to compensate for the remaining 25% loss in rent. The Quebec government now plans to compensate 50% of the loss incurred by landlords who are eligible for the program, meaning that the landlords will receive an amount equivalent to 12.5% of the rent to help minimize their losses.

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