Share on LinkedInShare on LinkedIn

ARTICLE · 29 NOVEMBER 2020

Life After CECRA: Relief Under The Canada Emergency Rent Subsidy

On November 19, 2020, Bill C-9 entitled An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), received Royal Assent and is now law.

CanadaReal Estate and Construction

On November 19, 2020, Bill C-9 entitled An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), received Royal Assent and is now law. As discussed in our prior articles, the purpose of the legislation is to provide new relief measures for eligible entities that continue to be economically impacted by COVID-19. In particular, the Government of Canada has enacted a new program through the bill known as the Canada Emergency Rent Subsidy (CERS) to provide, in its words, "easy-to-understand" subsidies for rent and property expenses that are incurred by qualifying tenants and property owners. CERS is meant to replace the previous commercial rent relief program offered by the Federal and Provincial governments known as CECRA which ended on September 30, 2020.

We operate a free-to-view policy, asking only that you register in order to read all of our content. Please login or register to view the rest of this article.

The content of this article is intended to provide a general guide to the subject matter. Specialist advice should be sought about your specific circumstances.

See more popular content from