Certain organizations affected by the coronavirus (COVID-19) pandemic may be eligible to receive a new Canada emergency rent subsidy.
Under the new relief, businesses, eligible charities, and non-profits that experience a revenue drop would be eligible to claim a subsidy on a sliding scale up to a maximum of 65% of eligible expenses—including rent and interest on commercial mortgages—from 27 September 2020 until June 2021.
The government provided details of the first stage of the new relief until 19 December 2020, and advised that elements of this new subsidy generally mirror the Canada emergency wage subsidy (CEWS), including a sliding rate scale and certain eligibility considerations.
In addition to this new subsidy of up to 65%, organizations affected by a public health lockdown may also be eligible for a 25% “lockdown support” subsidy.
Legislation to implement the new Canada emergency rent subsidy and the lockdown support subsidy, among other support measures, received first reading in the House of Commons on 2 November 2020, and is expected to soon pass into law. The application process for these new subsidies is not yet available.
Read a November 2020 report [PDF 115 KB] prepared by the KPMG member firm in Canada
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