ARTICLE · 15 MAY 2020

Federal Government Announces The Canada Emergency Commercial Rent Assistance Program

Burnet, Duckworth & Palmer LLP

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CECRA is a program jointly developed and funded by the Government of Canada and the provincial governments, and will be administered by the Canada Mortgage and Housing Corporation.

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Burnet, Duckworth & Palmer LLP

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In response to the economic hardships faced by many small businesses as a result of the COVID-19 pandemic, the Government of Canada recently announced the Canada Emergency Commercial Rent Assistance (CECRA) program which is designed to facilitate rent reductions for eligible small business tenants under their commercial leases. CECRA is a program jointly developed and funded by the Government of Canada and the provincial governments, and will be administered by the Canada Mortgage and Housing Corporation (CMHC). It is important to note that CECRA is a voluntary program and otherwise qualifying commercial property owners may choose to not participate. While it is anticipated that CECRA will be operational by mid-May with applications due by August 31, 2020, full details have yet to be announced.

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