Canadian Government Announces New Commercial Rent Relief Programs
Supporting Struggling Businesses Impacted by COVID-19
39 sec read
The federal government recently announced a new commercial rent relief programs that aim to assist businesses impacted by COVID-19.
The extension and implementation of new relief incentives include the new Canada Emergency Rent Subsidy, the lengthened Canada Emergency Wage Subsidy until June 2021, and an expanded Canada Emergency Business Account (CEBA).
The new commercial rent relief programs were put into place to bring Canadians and businesses together during this time of financial unpredictability. The Canadian Federation of Independent Business (CFIB) said it “welcomes the announcement of a new rent relief program as well as extensions and expansions of the CEBA loan program and the wage subsidy (CEWS).”
As we brave the second wave of COVID-19, the Canadian government's ongoing support will help keep the economy and local businesses afloat.
Read more about the commercial rent relief programs.
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