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Federal Government Launches New Commercial Rent Subsidy (CERS)

By November 23, 2020 No Comments

The new Canada Emergency Rent Subsidy (CERS)

Applications are now open as of November 23, 2020: Apply Here!

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 are also providing Lockdown Support of an additional 25% for businesses that are subject to a lockdown under mandatory public health orders.
    • With the additional Lockdown support, businesses can receive up to 90% rent support.
  • 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 percent for organizations temporarily shut down by a mandatory public health order issued by a qualifying public health authority, in addition to the 65 percent 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.