Businesses could qualify for one more month of rent relief as program extended

OTTAWA - The government announced on Friday that the Canada Emergency Commercial Rent Assistance program has been extended once again, and will now cover a portion of August’s rent for businesses that qualify.

To get the rent assistance, businesses will not have to prove a 70 per cent decline in sales for July or August, but will have to show a 70 per cent revenue shortfall that qualified them for CECRA in April, May and June.

The program’s low adoption rate was previously criticized by the Canadian Federation of Independent Business, which cited the onus on landlords and stringent requirements.

But on Friday, the government said that thousands of new applications are being regularly submitted, “demonstrating a strong interest in CECRA from property owners and small business tenants.”
Read more on Toronto Star
News Topics :
Similar Articles :
TORONTO The Canadian Federation of Independent Business is calling on Finance Minister Bill Morneau to make a number of changes to relief programs rolled out by the federal government....
TORONTO A lobby group says landlords need to be taken “out of the equation” of the government’s small business rent relief plan as another month’s rent comes due. An...
The federal government may have extended its commercial rent assistance program by a month, but businesses say there remains far too much uncertainty surrounding their future. “We’re going to take...
Bill Pratt hasn’t paid some $70, 000 in rent for his restaurants in Atlantic Canada since April after having to shutter operations due to the COVID 19 pandemic and experiencing a “critical”...
TORONTO Small business owners have spent months urging the Ontario government to hear their pleas for a temporary ban on commercial evictions, but some say the answer they’ve got...