Canada Emergency Rent Subsidy (CERS) Update: Applications Now Open

Bill C-9, which incorporates the new Canada Emergency Rent Subsidy (CERS), received Royal Assent on November 19th, 2020. Read the full news release from the Canada Revenue Agency (CRA) here. The application site is now open for applications. Apply here. To calculate your Canada Emergency Rent Subsidy (CERS) amount, click here. For more information about […]

Summary of the Federal Government’s COVID-19 Financial Support

Here is an up-to-date summary of the financial support offered by the federal government through Canada’s COVID-19 Economic Response Plan. SUPPORT BENEFITS New Recovery Benefits With Bill C-4 receiving Royal Assent, following the federal government’s Throne Speech commitments, more details have emerged on how new COVID-19 recovery benefits will be implemented. Subsequently,  three new temporary recovery benefits have […]

New Canada Emergency Rent Subsidy (CERS)

On November 2nd 2020 , the Federal Government announced detailed rules related to the new Canada Emergency Rent Subsidy (“CERS”) program that subsidizes businesses that have experienced a drop in revenues.  The subsidy  is based on (i) qualifying rent expenses if a renter or (ii) qualifying holding period costs (including interest on mortgage financing) if […]

Canada Announces a New Commercial Rent Support Program, Expands Small Business Loans and Extends the Canadian Emergency Wage Subsidy

On Friday October 9th 2020, the Federal Government announced several new subsidies available to small to mid-size businesses and organizations affected by Covid-19, including a new Commercial Emergency Rent Subsidy (“CERS”) program, expanding the Canadian Emergency Benefit Account (“CEBA”) loan program and extending the Canadian Emergency Wage Subsidy (“CEWS”) program to June of 2021. Detailed […]