ARTICLE · 17 MAY 2020

Additional Details On The Ontario-Canada Emergency Commercial Rent Assistance (OCECRA) Program

Pallett Valo LLP

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Late last week Prime Minister Justin Trudeau provided some insight and details into the Canada Emergency Commercial Rent Assistance (CECRA) program which was initially mentioned on April 16th...

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Pallett Valo LLP

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Late last week Prime Minister Justin Trudeau provided some insight and details into the Canada Emergency Commercial Rent Assistance (CECRA) program which was initially mentioned on April 16^th. During the Prime Minister's daily address on April 24, 2020, he announced that the Government of Canada had reached agreements with all provinces and territories to lower rent by 75% for small businesses that have been strongly affected by Covid-19. The Government of Canada has been working to develop this program to assist qualifying small businesses with their rental obligations for the months of April, May and June. The Prime Minister published his press release about CECRA providing some additional detail.

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