Canada: Support for businesses, the new Canada emergency Rent Subsidy (CERS)

Submitted by cambrosio on
Body

candada.ca (24.11.2020)

Business owners can apply for new support measures. If you own a small business, run a charity, or operate a non-profit that has suffered a drop in revenue because of the pandemic, the new Canada Emergency Rent Subsidy (CERS) is available. It provides a direct and easy-to-access rent and mortgage subsidy of up to 65% of eligible expenses.  The subsidy rates are in effect until December 19, 2020. This support is available directly to tenants. Qualifying organizations that have been significantly restricted by a mandatory public health order issued by a qualifying public health authority can receive an additional 25% of rent support through the Lockdown Support. The combined effect of the rent subsidy and the Lockdown Support is that hard-hit businesses, non-profits and charities subject to a lockdown can receive rent support of up to 90%. The rent subsidy and the Lockdown Support are available until June 2021.

measures summary

Business owners can apply for new support measures. If you own a small business, run a charity, or operate a non-profit that has suffered a drop in revenue because of the pandemic, the new Canada Emergency Rent Subsidy (CERS) is available. It provides a direct and easy-to-access rent and mortgage subsidy of up to 65% of eligible expenses.  The subsidy rates are in effect until December 19, 2020. This support is available directly to tenants. Qualifying organizations that have been significantly restricted by a mandatory public health order issued by a qualifying public health authority can receive an additional 25% of rent support through the Lockdown Support. The combined effect of the rent subsidy and the Lockdown Support is that hard-hit businesses, non-profits and charities subject to a lockdown can receive rent support of up to 90%. The rent subsidy and the Lockdown Support are available until June 2021.

Measure date
Regions / Country
Global challenges
Document Type