The Government of Canada is taking strong, immediate and effective action to protect Canadians and businesses from the impacts of the global pandemic through its COVID-19 Economic Response Plan.
Today, Finance Minister Bill Morneau announced that the Canada Emergency Commercial Rent Assistance (CECRA) will be extended by one month to help eligible small business pay rent for August. All provinces and territories continue to participate in this initiative, and collaborate with the federal government to provide rent supports to those small businesses most in need.
Despite the gradual lifting of restrictions and re-opening of businesses across the country, many small businesses continue to require assistance with their fixed costs to support them as they adapt to a new reality. This extension will help provide Canadian small businesses most impacted by the shutdown with an extended bridge to recovery.