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Canada Emergency Rent Subsidy (CERS) – Updated

The Government of Canada has passed legislation for a new rent assistance program, the Canada Emergency Rent Subsidy (CERS), for commercial and industrial tenants negatively impacted by COVID-19 that will be implemented retroactively to September 27, 2020 and is available to entities that both rent or own the property that they occupy.  The previous rental program, Canada Emergency Commercial Rent Assistance (CECRA), has ended.  The subsidy covers up to 65% of eligible expenses, plus a 25% top up for entities forced to close due to government restrictions.  Read the full document here: