""

Update: New rental subsidy opens for applications

November 25, 2020

Update: New rental subsidy opens for applications

Synopsis
2 Minute Read

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

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.

Insights

  • June 16, 2022

    Selling your practice — You have options

    Having a Divestiture Advisor guide you through the divestiture process can protect you from some of these risks, while maximizing your valuation and providing you with multiple offers to chose from.

  • Performance

    June 13, 2022

    [Listen] Getting to grips with municipal asset management

    Energy and Utilities Leader Gord Chalk visited Municipal World’s MW Presents Podcast to discuss how local governments can take a more strategic approach to asset management.

  • Performance

    June 13, 2022

    Build a stronger food and beverage business by building stronger business skills

    In an industry known for passion and purpose, knowing your numbers can be your biggest differentiator. Here’s how the right advisor can help.