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ARTICLE · 13 OCTOBER 2020

Details Announced On The Canada Emergency Rent Subsidy

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On October 9, 2020 the federal government announced new rent relief measures for businesses facing the financial burden of COVID-19. The new program will be known as the...

CanadaReal Estate and Construction

Introduction

On October 9, 2020 the federal government announced new rent relief measures for businesses facing the financial burden of COVID-19. The new program will be known as the Canada Emergency Rent Subsidy (CERS) and will provide rent and mortgage support until June 2021.

What you need to know

  • CERS replaces the Canada Emergency Commercial Rent Assistance program.
  • CERS will provide a sliding scale of support for up to 65% per cent of eligible expenses until December 19, 2020.
  • If a business is required to close by a public health order issued by a qualifying public health authority, CERS will provide a top up of 25 per cent of eligible expenses.
  • Organizations will be able to make claims retroactively for the period from September 27, 2020 to October 24, 2020.

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