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ARTICLE · 22 MAY 2020

CMHC Comments On The Canada Emergency Commercial Rent Assistance Program

Dickinson Wright PLLC
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The Canada Mortgage and Housing Corporation published a notice today with further information on the previously announced Canada Emergency Commercial Rent Assistance Program ("CECRA").

CanadaReal Estate and Construction
Andrew Skinner
Andrew Skinner
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The Canada Mortgage and Housing Corporation published a notice today with further information on the previously announced Canada Emergency Commercial Rent Assistance Program (“CECRA”). Dickinson Wright's initial Client Alert on the CECRA can be found here:

Highlights:

  • In addition to the requirements for landlords previously announced by the Federal and Ontario Governments, landlords must have declared rental income on their tax returns for 2018 and/or 2019 to qualify.
  • The Government loans are only forgivable to the landlord if the landlord complies with all applicable program terms and conditions, including the requirement not to seek to recover rent abatement amounts after the Program is over.

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