Canada: Rent subsidy for tenants and property owners (COVID-19)
Canada: Rent subsidy for tenants and property owners
Eligible tenants and property owners affected by the coronavirus (COVID-19) pandemic can now submit an application to receive an emergency rent subsidy.
The Canada Revenue Agency (CRA) launched a new online application portal for the Canada emergency rent subsidy (CERS). According to the CRA, eligible tenants and property owners
may receive support payments as early as 4 December 2020.
In addition, more organizations may now be eligible for the rent subsidy because businesses are no longer required to pay eligible expenses before they can receive the subsidy, as long as they pay the amount within 60 days of receiving the support payments. Although the Department of Finance only recently proposed new legislation to address this eligibility change, the CRA has stated that it will process applications reflecting the proposed legislation.
Measures to enact the rent subsidy were included in Bill C-9, which received Royal Assent on 19 November 2020.
Read a November 2020 report [PDF 253 KB] prepared by the KPMG member firm in Canada
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