Canada Emergency Commercial Rent Assistance Now Open for Applications

Posted: May 26, 2020

Topic: Business, Emergency Assistance

Source: Government of Canada

Applications are now being accepted for the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. Over the course of the program, property owners will reduce rent by at least 75% for the months of April and May (retroactive), and June, for their small business tenants.

CECRA will cover 50% of the rent, with the tenant paying up to 25% and the property owner forgiving at least 25%. 

Applications are now being accepted through the Canada Mortgage and Housing Corporation (CMHC) website.