New Canada Emergency Rent Subsidy October 14 2020
The Government of Canada introduced the Canada Emergency Rent Subsidy (CERS) and will be replacing the Canada Emergency Commercial Rent Assistance (CECRA) program which ended in September 2020. The new rent subsidy will provide rent and mortgage support from September 27, 2020 to June 2021.
The purpose of the CERS is to provide financial assistance to commercial tenants and property owners that have experienced a drop in revenue due to the COVID-19 pandemic. CERS will also help businesses, charities, and non-profits push through the second wave and cover costs over the winter months.
For more information on CERS and eligibility, visit: https://www.canada.ca/en/department-finance/news/2020/10/government-announces-new-targeted-support-to-help-businesses-through-pandemic.html