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ARTICLE · 09 NOVEMBER 2020

Canada Emergency Rent Subsidy (CERS)

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The Federal Government launched the Canada Emergency Commercial Rent Assistance (CECRA) program to provide financial assistance to small businesses in respect of their commercial rent.

CanadaGovernment, Public Sector
Crowe MacKay LLP
Crowe MacKay LLP
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The Federal Government launched the Canada Emergency Commercial Rent Assistance (CECRA) program to provide financial assistance to small businesses in respect of their commercial rent. The program was administrated by the Canada Mortgage and Housing Corporation (CMHC) on behalf of the Federal Government and its provincial and territorial partners. It offered commercial rent assistance for the months of April through September 2020.

The program was available for application since May 25, 2020, and has now ended.

The New Canada Emergency Rent Subsidy (CERS)

The CERS program would provide simple and easy-to-access rent and mortgage support until June 2021 for qualifying organizations affected by COVID-19. The rent subsidy would be provided directly to tenants, while also providing support to property owners.

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