October 13 - ACTA welcomes the federal government’s decision to extend and make changes to the commercial rent relief program.

 

The revamped commercial rent program will provide access to rent support until June 2021 for businesses that have lost revenue in the crisis, and will cover up to 65 percent of rent or mortgage interest payments for businesses with a revenue decline of 70 percent or more. Unlike the Canada Emergency Commercial Rent Assistance Program, the revamped relief program will be available directly for tenants.

 

The federal government is also expanding the Canada Emergency Business Account to enable businesses to access an interest-free loan of $20,000 in addition to the original CEBA loan.

Read full advisory here.

 

 

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