FROM THE CECRA WEBSITE:
Canada Emergency Commercial Rent Assistance (CECRA) for small businesses 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.
We encourage all eligible commercial property owners to participate in this program.
As part of your application, you must provide rent reduction agreement(s) and landlord and tenant attestations.
We are taking a staggered approach for applications
To manage volume, we will be asking property owners to register on the following days.
|Day||Who should register?|
|Monday||Property owners who are located in Atlantic Canada, BC, Alberta and Quebec, with up to 10 tenants who are eligible for the program|
|Tuesday||Property owners who are located in Manitoba, Saskatchewan, Ontario and the Territories, with up to 10 tenants who are eligible for the program|
|Wednesday||All other property owners in Manitoba, Saskatchewan, Ontario and the Territories|
|Thursday||All other property owners in Atlantic Canada, BC, Alberta and Quebec|
This is a 2-step process:
- Register and create an account.
- Complete application and upload supporting documents.
VISIT THE CECRA WEBSITE FOR MORE INFO AND TO APPLY AT https://www.cmhc-schl.gc.ca/en/finance-and-investing/covid19-cecra-small-business