Government Provides Commercial Rent Relief Program Details

Écrit par

Équipe fédérale

Today, Prime Minister Trudeau provided details on the Emergency Commercial Rent Assistance program to provide 75% rent support to small businesses unable to pay their rents because of COVID-19. The program will be delivered through forgivable loans to landlords.

Developing the program required the government to negotiate with all provinces and territories in Canada as the responsibility for commercial rent agreements is provincial jurisdiction.

Details include:

Eligible businesses are those paying less than $50,000 per month in rent and who have temporarily ceased operations or have experienced at least a 70% drop in pre-COVID-19 revenues.
This support will also be available to non-profit and charitable organizations.
Forgivable loans will be offered to qualifying commercial property owners to cover 50% of monthly rent payments that are payable by eligible small business tenants in April, May, and June.
The loans will be forgiven if the mortgaged property owner agrees to reduce the eligible small business tenants’ rent by at least 75% for the three corresponding months under a rent forgiveness agreement, which will include a term not to evict the tenant while the agreement is in place. The program will be available to commercial property owners in mid-May and will be retroactive.
The small business tenant would cover the remainder, up to 25 % of the rent.

Prime Minister Trudeau said there is more to come for businesses with larger rents.

The Prime Minister and the provinces will meet today to further discuss the gradual reopening of the Canadian economy.

Federal Engagement

‍Consult the Sussex COVID-19 Guide for information on supports made available across the Federal, Provincial and Municipal Governments.

As the details of the programs announced today become available, let Sussex help connect you with the right people in government to help your organization get through these extraordinary times.

For more detail, please reach out to your Sussex representative directly or to the Federal Government Relations Team.

Aucun objet trouvé.

partager l'article

Messages récents

June 26, 2026

Canada’s Nuclear Renaissance, Continued

Canada unveiled its first-ever sectorwide Nuclear Energy Strategy, setting concrete build-out targets: up to 10 new domestic reactors by 2040, four new export markets by 2040, across a four-pillar plan covering domestic builds, exports, fuel/waste management, and fission/fusion innovation. The strategy stays technology-agnostic between CANDU, AP1000, and Gen IV designs, leans on existing financing tools rather than new funding (with a dedicated financing policy due next April), and frames nuclear as central to doubling Canada's grid capacity and capturing global export demand as countries move away from Russian supply chains.

June 16, 2026

Le Canada dépose un nouveau projet de loi fédéral d'envergure sur la protection des renseignements personnels

Le projet de loi C-36, la Loi sur la protection de la vie privée et des données des consommateurs, représenterait la refonte la plus importante du régime de protection des renseignements personnels du secteur privé du Canada depuis plus de 25 ans.

June 11, 2026

Tout le nucléaire ne se vaut pas

Les centrales nucléaires traditionnelles à grande échelle ont démontré depuis longtemps qu'il est possible de produire de l'électricité fiable à grande échelle sans émissions directes de gaz à effet de serre. Elles fournissent une électricité stable et continue qui soutient les économies modernes tout en aidant les juridictions à atteindre leurs objectifs climatiques.

voir tout