Rent Assistance Applications Open Today

The application portal for the Canada Emergency Commercial Rent Assistance for small businesses (CECRA) is now open.

The program provides relief for small businesses experiencing financial hardship due to COVID-19. It offers unsecured, forgivable loans to eligible commercial property owners to:

  • reduce the rent owed by their impacted small business tenants
  • meet operating expenses on commercial properties

Property owners must offer a minimum of a 75% rent reduction for the months of April, May and June 2020.

To read more about the program visit the BDO Canada.  Applications can be made directly through the CMHC website here.

 

Jess Watt

Author Jess Watt

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