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Federal Government Launches New Commercial Rent Subsidy (CERS)

By October 11, 2020 October 16th, 2020 No Comments

The new Canada Emergency Rent Subsidy (CERS)

This innovative rent subsidy would support struggling businesses, charities, and non-profits by subsidizing their expenses up to a maximum of 65% until December 19, 2020.

  • Our Government is proposing to provide simple, easy-to-access commercial rent and mortgage support until 2021 to employers who have been affected by COVID-19.
  • Through the new Canada Emergency Rent Subsidy (CERS), the hardest hit small businesses would receive a subsidy of up to 65%.
  • We’ve worked closely with small businesses, and the new rent subsidy will be better targeted, easier-to-access, and go directly to small business tenants (not via landlords).

Top-up if temporarily shut down by a public health order:

  • A Canada Emergency Rent Subsidy top-up of 25 per cent for organizations temporarily shut down by a mandatory public health order issued by a qualifying public health authority, in addition to the 65 per cent subsidy. This follows a commitment in the Speech from the Throne to provide direct financial support to businesses temporarily shut down as a result of a local public health decision.