• About
  • Offices
  • Careers
  • News
  • Students
  • Alumni
  • Payments
  • EN | FR
Background Image
Bennett Jones Logo
  • People
  • Expertise
  • Knowledge
  • Search
  • FR Menu
  • Search Mobile
A B C D E F G H I J K L M N O P Q R S T U V W X Y Z
View all
Practices
Corporate Litigation Regulatory Tax View all
Industries
Capital Projects Energy Funds & Finance Mining View all
Advisory
Crisis & Risk Management ESG Strategy and Solutions Governmental Affairs & Public Policy
View Client Work
International Experience
Insights News Events Subscribe
Quarterly M&A Insights Quarterly Fintech Insights New Energy Economy Series ESG & the CIO
Business Law Talks Podcast Economic Outlook Class Actions: Looking Forward
People
Practices
Industries
Advisory Services
Client Work
About
Offices
News
Careers
Insights
Law Students
Events
Search
Alumni
Payments
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
 
Blog

Federal Government Announces Canada Emergency Rent Subsidy

October 23, 2020

Written By Michael Chow, Craig Garbe, Michelle Yung, Samantha Lush and Kristina Dimitrov

On October 9, 2020, the Government of Canada announced the Canada Emergency Rent Subsidy (CERS) program for eligible organizations. CERS will replace the Canada Emergency Commercial Rent Assistance (CECRA) program which provided commercial rent relief to eligible organizations from April 1, 2020, to September 30, 2020.

What is CERS?

CERS will provide rent and mortgage assistance from September 27, 2020, until June 30, 2021, to eligible organizations affected by the COVID-19 public health emergency. The federal government will provide support, on a sliding scale, by subsidizing up to 65 percent of a qualifying organization's eligible expenses until December 19, 2020. In addition, organizations temporarily shut down by a mandatory public health order may be eligible for an additional 25 percent over the initial 65 percent subsidy, for a total of 90 percent of relief of expenses, including rent.

It is not determined whether the eligibility criteria will change for the period from December 19, 2020, until June 30, 2021.

Who is Eligible to Apply for and Receive CERS?

CERS will provide financial assistance to businesses, charities and non-profit organizations that have experienced decreased revenues due to the COVID-19 public health emergency. In contrast to CECRA, where property owners were responsible for applying and, if approved, received financial assistance to provide commercial rent relief to eligible tenants, CERS will be available directly to eligible tenants.

The federal government has also announced that financial assistance will also be available to property owners through CERS. No further details have been announced at this time.

What is Next?

In the near future, it is expected that the federal government will provide further details on CERS, including eligibility requirements and the application procedure.

We will update this blog once further information and details become available.

Download PDF

Authors

  • Michael J. Chow Michael J. Chow, Partner
  • Craig R. R. Garbe Craig R. R. Garbe, Partner
  • Michelle F. Yung Michelle F. Yung, Partner
  • Samantha  Lush Samantha Lush, Associate

Bennett Jones at WPC 2023

Related Links

  • Insights
  • Media
  • Subscribe

Recent Posts

Blog

Canadian Regulators Continue Enforcement Efforts Aimed [...]

September 25, 2023
       

Blog

WPC 2023 Day Four: Fueling Innovation in Biofuels, RNG and SAF

September 21, 2023
       

Blog

Generative Artificial Intelligence (AI): Canadian [...]

September 20, 2023
       

Blog

WPC 2023 Day Three: AI in the Energy Industry—Making Sense of the Noise

September 20, 2023
       

Blog

General Minimum Wage in Ontario will Rise to $16.55 [...]

September 19, 2023
       
Bennett Jones Centennial Footer
Bennett Jones Centennial Footer
About
  • Leadership
  • Diversity
  • Community
  • Innovation
  • Security
  • History
Offices
  • Calgary
  • Edmonton
  • Montréal
  • Ottawa
  • Toronto
  • Vancouver
  • New York
Connect
  • Insights
  • News
  • Events
  • Careers
  • Students
  • Alumni
Subscribe

Stay informed on the latest business and legal insights and events.

LinkedIn LinkedIn Twitter Twitter Vimeo Vimeo
© Bennett Jones LLP 2023. All rights reserved.
  • Privacy Policy
  • Disclaimer
  • Terms of Use
Logo Bennett Jones