Canadians are focused on keeping their jobs and paying their bills, as they continue to deal with the impacts of COVID-19. That’s why the Government of Canada has put jobs and workers first, in our approach to support businesses during this challenging time.
The Prime Minister, Justin Trudeau, today announced that application documents and updated criteria for Canada Emergency Commercial Rent Assistance (CECRA) for small businesses are now available, and that the program will be opened for applications beginning on May 25.
The Government of Canada is focused on safeguarding workers’ jobs as we continue to deal with this pandemic. That’s why we reached an agreement in principle last month with all provinces and territories to implement CECRA. This program will provide forgivable loans to eligible commercial property owners, who in turn will give a rent reduction of at least 75 per cent for April and May (retroactive), and June, to their small business tenants.