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ARTICLE · 27 OCTOBER 2020

Federal Government Announces Canada Emergency Rent Subsidy

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On October 9, 2020, the Government of Canada announced the Canada Emergency Rent Subsidy (CERS) program for eligible organizations. CERS will replace the Canada Emergency Commercial ...

CanadaReal Estate and Construction
Bennett Jones LLP
Bennett Jones LLP
Craig Garbe
Craig Garbe
Michelle F. Yung
Michelle F. Yung
Samantha Lush
Samantha Lush
Kristina Dimitrov
Kristina Dimitrov
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On October 9, 2020, the Government of Canada announced the Canada Emergency Rent Subsidy (CERS) program for eligible organizations. CERS will replace the Canada Emergency Commercial Rent Assistance (CECRA) program which provided commercial rent relief to eligible organizations from April 1, 2020, to September 30, 2020.

What is CERS?

CERS will provide rent and mortgage assistance from September 27, 2020, until June 30, 2021, to eligible organizations affected by the COVID-19 public health emergency. The federal government will provide support, on a sliding scale, by subsidizing up to 65 percent of a qualifying organization's eligible expenses until December 19, 2020. In addition, organizations temporarily shut down by a mandatory public health order may be eligible for an additional 25 percent over the initial 65 percent subsidy, for a total of 90 percent of relief of expenses, including rent.

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