ARTICLE · 20 OCTOBER 2020

Preliminary Details About The Canada Emergency Rent Subsidy (CERS)

Minden Gross LLP

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On October 9, 2020, the Government of Canada announced plans to introduce legislation to create a new form of rent and mortgage support under a program entitled the Canada Emergency Rent Subsidy

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Commercial Leasing Group

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On October 9, 2020, the Government of Canada announced plans to introduce legislation to create a new form of rent and mortgage support under a program entitled the Canada Emergency Rent Subsidy ("CERS"). The purpose of CERS is to support businesses and other organizations facing financial hardship due to the COVID-19 pandemic. The Government has not yet released complete details on eligibility criteria and other program parameters. Accordingly, the publicly-available information on CERS should be treated with caution until the draft legislation is released and the program parameters are finalized.

Based on currently-available public information, we have been advised of the following program details:

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