The Canada Emergency Commercial Rent Assistance (CECRA) program offers commercial landlords forgivable loans for up to 50% of the monthly gross rent owed by eligible small business tenants who experience financial difficulties due to COVID-19 in April, May and June 2020 (this was recently increased by 12.5% in Quebec). The deadline to submit your application for CECRA is August 31, 2020.
KPMG can help
At KPMG, we have developed an automated CECRA technology tool to assist you in determining whether you and your tenants are eligible for the CECRA program. This technology tool can also help you complete the entire application process, from collecting your tenant information to coordinating completion of rent reduction agreements with each of your tenants. We can help you avoid missing tenants and keep track of all your properties and tenants in one place. Benefits of this technology tool include: