Canada Emergency Rent Subsidy
Posted On: 03/12/20 - 0

Canada Emergency Rent Subsidy

Here is some more news on Covid Support. A Canada Emergency Rent Subsidy has been created for Edmonton Small Business Owners.  This is also known as CERS.

According to the CRA  (December 2nd) The Government of Canada is taking targeted action to support Canadians and Canadian businesses.  This also includes non-profits and charities that continue to face uncertainty and economic challenges because of the COVID-19 pandemic.

The new Canada Emergency Rent Subsidy (CERS) provides direct commercial rent or property expense support to tenants and property owners.  This new subsidy applies to qualifying organizations affected by COVID-19.

How The Subsidy Works

The new rent subsidy supports your businesses that have suffered a revenue drop by providing support up to a maximum of 65% of eligible expenses. Qualifying organizations that are under a lockdown or have significantly limited activities under a public health order will have access to Lockdown Support.  A top-up subsidy of 25%, means that you could receive rent or property expense support of up to 90%.

What Time Frame Does This Emergency Rent Subsidy Cover?

Business owners like you who fall into this category can claim the subsidy retroactively for the period that began on September 27 and ended on October 24, 2020.

How Do You Apply For This Subsidy?

Firstly, sign up for a my business account.  Secondly, review your address and other contact information to be sure it is correct. Thirdly, create a CERS number.  Then, you would set up a direct deposit.  Confirm that the claim period that you are claiming for is actually open to accept claims.  Finally, gather the information you will need to calculate and apply for the subsidy.

Where Do I Get More Details On This Support?

The CRA has launched a very detailed website to exp;ain all that you need to know about this emergency support.  Please go to the  CERS webpages.

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