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ARTICLE · 31 DECEMBER 2021

Canada Emergency Rent Subsidy Holiday Update

Fogler, Rubinoff LLP
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As enacted on November 19, 2020 by Bill C-9 (An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy)), the Canada Emergency Rent Subsidy ("CERS")...

CanadaReal Estate and Construction
Alex Kolandjian
Alex Kolandjian
Aida Nabavi
Aida Nabavi
Ryan Wachtel
Ryan Wachtel
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As enacted on November 19, 2020 by Bill C-9 (An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy)), the Canada Emergency Rent Subsidy ("CERS") has provided a rent subsidy for businesses that experienced a drop in revenue during the COVID-19 pandemic. Under the CERS program, businesses applied for the rent subsidy on a monthly basis for each "qualifying period". On October 21, 2021, the Federal Government confirmed that the CERS program would not be extended beyond the October 23, 2021 qualifying period. Therefore, the final qualifying period for which businesses may make a claim under the CERS program is from September 26, 2021 to October 23, 2021. The deadline to submit a claim for this final period is April 21, 2022.

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