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CERS: New benefit to assist landlords, tenants, charities, not-for-profits

CERS: New benefit to assist landlords, tenants, charities, not-for-profits

As you may know, the CECRA Program ended on September 30, 2020, yet COVID 19 continues to affect tenants and landlords as well as charities and not-for-profits.

As a result, on October 9, 2020, the Government of Canada announced a new program – the Canada Emergency Rent Subsidy (CERS) program – to provide further assistance to businesses as well as charities and non-profits that continue to suffer revenue losses due to COVID 19.

While some key details of the CERS program are pending, the new program is intended to be more flexible and easier to access than CECRA. It will be administered by the Canada Revenue Agency.

The CERS works as follows:

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