For quick reference and a general guide, please see the following link for support in accessing the Canada Emergency Rent Subsidy: CERS website
Government launched new measures for businesses with a new commercial rent subsidy paid directly to businesses – who this week will begin receiving support for up to 65% of their rent or mortgage interest, retroactive to September 27.
Businesses will also begin receiving new lockdown support of an additional 25% of rent or mortgage interest, where a shutdown is required by a public health order. This means qualifying businesses in lockdown can have up to 90% of their rent covered.
The recently launched Canada Emergency Rent Subsidy provides direct and easy-to-access rent and mortgage support from September 27 2020 until June 2021 for qualifying organizations affected by COVID-19.
This program lets business owners apply directly, without going through landlords. The rent subsidy is provided to eligible tenants and property owners, supporting businesses, charities, and non-profits that have suffered a revenue drop, by subsidizing eligible expenses. The current rate provides a subsidy, on a sliding scale, up to a maximum of 65% until March 13, 2021.
Under the new Lockdown Support program, organizations that are subject to a lockdown and must shut their doors or significantly restrict their activities under a public health order are eligible for an additional 25% top-up, in addition to the Canada Emergency Rent Subsidy base subsidy of up to 65%, until March 13, 2021.