COVID–19: CECRA for Small Businesses

Silvia Jacinto
Infographic
| 5/25/2020

On April 24, 2020, the Prime Minister announced that the federal government reached an agreement in principle with all provinces and territories to implement the Canada Emergency Commercial Rent Assistance (CECRA) for qualifying commercial property owners and small business tenants. As part of the federal government’s economic response plan to COVID-19, the CECRA is intended to provide much-needed rent relief for small businesses. Over the last several weeks, various tweaks and updates to the CECRA have been implemented. Property owners can now apply for the CECRA through the Canada Mortgage and Housing Corporation (CMHC). The application is available online through the CMHC website as of May 25, 2020. Property owners can apply on a specific day of the week depending on which province their rental property is located.

CECRA for Tenants and Landlords

 

As of May 25, 2020 the registration portal is now open but to manage volume they are staggering the registration dates by region: 

  • Monday - Property owners in Atlantic Canada, BC, Alberta and Quebec, with up to 10 eligible tenants
  • Tuesday - Property owners in Manitoba, Saskatchewan, Ontario and the Territories, with up to 10 eligible tenants
  • Wednesday - All other property owners in Manitoba, Saskatchewan, Ontario and the Territories
  • Thursday - All other property owners in Atlantic Canada, BC, Alberta and Quebec
  • Friday - All

For more information visit the Canadian Mortgage and Housing Corporation (CMHC) site here.

Contact Us

Silvia Jacinto has over 10 years of Canadian tax experience. As a frequent guest on BNN Bloomberg, Silvia is a highly sought after expert in strategic tax planning and compliance. She is an accomplished tax practitioner who has shared her in-depth knowledge as a lecturer for CPA Canada and as a past instructor at Humber College. Silvia is also Crowe Soberman's resident in-house writer and editor for all tax-related publications.
Silvia Jacinto
Silvia Jacinto
Partner, Tax