The Macchiusi Sales Team, Weiss Realty Ltd Brokerage (2021)
The new Canada Emergency Rent Subsidy (CERS) provides direct commercial rent or property expense support to tenants and property owners of qualifying organizations affected by COVID-19 by providing support up to a maximum of 65% of eligible expenses.
Qualifying organizations that are under a lockdown or have significantly limited activities under a public health order will have access to Lockdown Support, a top-up subsidy of 25%, meaning they could receive rent or property expenses support of up to 90%. Applicants can claim the subsidy retroactively for the period that began on September 27 and ended on October 24, 2020.
The CRA has launched CERS webpages, an online CERS calculator, and CERS infographics (Take a look at the new Canada Emergency Rent Subsidy, The Canada Emergency Rent Subsidy has got you covered, and We’re here to help) to assist organizations in preparing their applications.
The Macchiusi Sales Team - Weiss Realty Ltd. Real Estate Brokerage (2021)