Bill C-9 Passes for CERS and CEWS – New Rent Subsidy Applications go Live on Monday, Nov 23rd
CERS – 75% Canada Emergency Rent Subsidy
- Applications for the new Canada Emergency Rent Subsidy (CERS) will open through CRA on Monday, November 23rd, 2020. It will be retroactive to the beginning of October.
- The new rent subsidy will pick up where the previous program left off, delivering direct, targeted, and accessible rent support to qualifying organizations affected by COVID-19 without the need to work through their landlords. It will provide a subsidy for eligible fixed property expenses, including rent and interest on commercial mortgages. The announced program parameters will apply until December 19, 2020, with future parameters in 2021 to be adapted and targeted as needed.