The federal government announced (on October 9, 2020) a new rent relief program for businesses that continue to be affected by the COVID-19 pandemic. The long-awaited program is called the Canada Emergency Rent Subsidy (CERS). The announcement came slightly more than a week after the Canada Emergency Commercial Rent Assistance (CECRA) relief period ended (on September 30, 2020).
This announcement was a great relief to commercial tenants (and their landlords) who had been anxious about the end of CECRA without further or other assistance to pandemic-impacted commercial tenants.
This News ReLease will outline what is known about the CERS so far. A word of caution: Not much is known yet.
Read the full article here: The Canada Emergency Rent Subsidy
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