Canada Emergency Rent Subsidy Now Open
This commercial rent relief program for businesses hurt by COVID-19 opens November 23, 2020.
This program covers up to 65% of rent or commercial mortgage interest on a sliding scale based on revenue decline with an extra 25% available to the hardest hit firms. The new rent subsidy would be available retroactive to September 27, 2020, until June 2021. The government is providing the proposed details for the first 12 weeks of the program, until December 19, 2020.
The proposed program would mirror the successful Canada Emergency Wage Subsidy, providing a simple, easy-to-understand program for affected qualifying organizations. The new rent subsidy would provide benefits directly to qualifying renters and property owners, without requiring the participation of landlords.
Learn more HERE
View the Eligibility and Application Process HERE