Small Business CECRA

COVID-19: Canada Emergency Commercial Rent Assistance for Small Business

On April 24, 2020, the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses was announced by the federal government.  CECRA will lower rent by 75% for small businesses affected by COVID-19 for the months of April, May, and June 2020.   

The program will be administered by the Canada Mortgage and Housing Corporation (CMHC).  Further details of the program can be found on the CMHC website.

It is expected that the application process for CECRA will begin mid-May.

Please contact us if you would like to discuss how CECRA may apply to your situation.

Disclaimer: Avisar Chartered Professional Accountant’s blog deals with a number of complex issues in a concise manner; it is recommended that accounting, legal or other appropriate professional advice should be sought before acting upon any of the information contained therein.

Although every reasonable effort has been made to ensure the accuracy of the information contained in this post, no individual or organization involved in either the preparation or distribution of this post accepts any contractual, tortious, or any other form of liability for its contents or for any consequences arising from its use.