Applying for the Canadian Emergency Rent Subsidy

General David Cooke 25 Nov

 

 

In response to the COVID-19 pandemic, the Government of Canada has announced the Canadian Emergency Rent Subsidy (CERS)

If you are a small business you can apply for this rent subsidy.

Overview
Businesses who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.

This subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.

If you are eligible for the base subsidy, you may also be eligible for lockdown support if your business location is significantly affected by a public health order for a week or more.

Canadian Emergency Rent Subsidy

Expenses You Can Claim and Qualifying Properties
The CERS covers a portion of each qualifying property, subject to certain maximums. The CERS is calculated on a property by property basis.

Qualifying property can be owned or rented, and used for business. Excluded properties include homes, cottages, family residences.

What Are Affiliated Groups?
Special rules and limits apply to groups deemed to be affiliated by family or control.

COVID-19 Information Hub
You can find more information, advice, and resources in our COVID-19 Information Hub.

We hope that you continue to stay safe during these challenging times.