This blog post is an update to our
post on the Canada Emergency Rent Subsidy program
("CERS").
On November 19, 2020, Bill C-9, an act to amend
the Income Tax Act (Canada Emergency Rent
Subsidy and Canada Emergency Wage Subsidy) ("Bill
C-9"), received royal accent and CERS was enacted
into law.
CERS will provide support directly to qualifying commercial
Tenants and Property Owners who are adversely impacted by the
COVID-19 pandemic. Unlike the Canada Emergency Commercial Rent
Assistance Program, CERS does not require Landlord participation.
CERS is available retroactively from September 27, 2020, until June
2021. While Bill C-9 only sets out the framework of CERS for the
initial period of September 27, 2020 to December 19, 2020 (the
"Initial Period"), we expect details for
future period(s) to be announced soon. Below is a summary of the
CERS framework for the Initial Period:
