Organizations can now apply for the Canada Emergency Rent Subsidy (CERS)

The Canada Emergency Rent Subsidy (CERS) is a new program that replaces the previous Canada Emergency Commercial Rent Assistance (CECRA) program. The CERS will provide businesses, charities, and nonprofits with a subsidy that could cover up to 90% of eligible fixed property expenses, including rent and interest on commercial mortgage. Applications are now open and organizations can apply by following this link.

Organizations that have seen a decline of 70% or more in their revenues because of the pandemic are eligible for a 65% rent subsidy. A top-up subsidy of 25% will also be available for organizations temporarily shut down by mandatory public health order measures.

For more information on the program and eligibility, visit Imagine Canada’s briefer or the Government of Canada’s CERS webpage.