Skip to main content

The federal government has introduced a long-awaited bill to provide businesses with direct access to emergency rent relief – almost a month after announcing the new measure.

The bill would also extend the federal emergency wage subsidy until June, 2021.

The government’s previous rent-relief program was widely criticized because it needed buy-in from landlords, many of whom did not participate.

The new Canada Emergency Rent Subsidy is intended to allow commercial tenants to apply directly for rent and mortgage-interest support.

Until Dec. 19, it would cover up to 65 per cent of eligible expenses to businesses, charities and non-profits that have suffered a revenue drop owing to the COVID-19 pandemic.

Claims could be made retroactively for the period that began on Sept. 27.

Your time is valuable. Have the Top Business Headlines newsletter conveniently delivered to your inbox in the morning or evening. Sign up today.