UPDATE – Canada Emergency Commercial Rent Assistance (CECRA) Program

Introduction On May 4, 2020 we summarized the CECRA forgivable loan program and advised that it left questions unanswered and conflicted with the Ontario OCECRA forgivable rent program. The following is an update derived from information provided by Canada Mortgage and Housing Corporation (‘CMHC”), who will be administering the consolidated program under the name CECRA. […]

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Canada Emergency Commercial Rent Assistance (CECRA) Program

COVID

Introduction CECRA will provide rent relief of over $900 million, in the form of forgivable loans to assist small businesses and commercial landlords. The assistance applies to rent obligations of tenants whose revenue has dropped at least 70% as a result of COVID-19.  The CECRA will be administered by Canada Mortgage and Housing Corporation (CMHC). […]

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Ontario-Canada Emergency Commercial Rent Assistance (OCECRA) Program

OCECRA will provide rent relief of over $900 million, in the form of forgivable loans to assist small businesses and commercial landlords.

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Canada Emergency Business Account (“CEBA”)

As part of its response to the COVID-19 crisis, the Federal government has introduced the CEBA program. This is to help small businesses and not-for-profits cover their operating costs, that cannot be deferred during a period when their revenues have been reduced.

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75% New Canada Emergency Wage Subsidy (“CEWS”)

Updated: April 14, 2020 The Government has made additional announcements on April 7 and April 11, 2020 to broaden the CEWS provisions and introduce new provisions to refund certain employer payroll contributions. The Draft legislation has been passed by Parliament on Saturday. It is surprisingly complex. Introduction As previously advised, to support businesses affected by […]

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Canada Emergency Response Benefit

The Federal Government’s COVID-19 assistance proposals were passed by Parliament and received royal ascent on March 25th. Previously announced benefit proposals, the Emergency Care Benefit and the Emergency Support Benefit were combined into the Canada Emergency Response Benefit (“CERB”). Qualification criteria for the CERB are essentially the same as for the prior plans. A taxable […]

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