Update: New rental subsidy opens for applications

November 25, 2020

Update: New rental subsidy opens for applications

Synopsis
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Qualifying organizations can now apply for the new Canada Emergency Rent Subsidy.

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Insight Real Estate and Construction Tax Services

Qualifying organizations can now apply directly for the recently announced Canada Emergency Rental Subsidy program, with a second opening scheduled for the end of November. 

Businesses, not-for-profit and charities can apply online for the subsidy, for the period of September 27 to October 24, 2020, through the Canada Revenue Agency (CRA) My Business Account, or Represent a Client portals.

A second CERS period, October 25 to November 21, 2020 will open on November 30, 2020.

The new subsidy has also been amended to allow applicants to include eligible expenses, such as property taxes and insurance, already paid in respect of a claim period as well as amounts that are payable for the claim period, the federal government said November 23, 2020.

The CERS replaces the Canada Emergency Commercial Rent Assistance (CECRA). For more details, see our blog, Proposed federal rental assistance program increases scope.

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