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In a recent decision, the Ontario Superior Court not only granted a bankruptcy trustee access to a premises and the right to assign a lease, despite the landlord’s claim that the same trustee...
Early last week, our News ReLease outlined the Canada Emergency Commercial Rent Assistance (CECRA) Program, which is a federal rent assistance program, to be administered by the Canada Mortgage and Housing Corporation (CMHC). Soon (later in May), many landlords and small business tenants across Canada will be able to avail themselves of this program.
Late last week, CMHC updated some of the details of CECRA. In this News ReLease we report on the new changes to the CECRA program and take a look at questions that remain unanswered.
On November 2, 2020, Finance Minister Chrystia Freeland introduced the legislation that will implement the Canada Emergency Rent Subsidy (“CERS”). The new bill, called Bill C-9, An Act to Amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), has recently passed its third reading in the House of Commons and should receive royal assent and become law soon. On November 5, 2020, Ottawa released two technical backgrounders describing the CERS and what has been termed “Lockdown Support” (being the additional subsidy available to businesses significantly affected by public health orders). While the CERS is still not yet available (and there is no indication as to when it will be), by introducing Bill C-9 into Parliament and releasing the initial technical backgrounders, the government has provided a glimmer of hope that relief will soon be accessible (for those that are eligible). This News ReLease provides an update on what is known to date...
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)...
With the expiration of Ontario’s Protecting Small Business Act, 2020 (the “PSBA”) on September 1, 2020, and the federal government’s September 17th announcement that the Canada Emergency Commercial Rent Assistance (“CECRA”) program was extended for the month of September, the government of Ontario tabled the Helping Tenants and Small Businesses Act, 2020 (the “HTSBA”). In this News ReLease we provide an update on the CECRA program, an overview of the HTSBA and outline the tenancies to which it applies...
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