Canada Emergency Rent Subsidy

Canada Emergency Rent Subsidy (CERS)

The subsidy is available starting September 27^th and covers 4-week periods until ending in June 2021. This subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords. In summary:

• Amount is based on eligible expenses multiplied by a factor which is determined by your decrease in revenue
• If your business was locked down by a public health order there is additional subsidy amounts available.
• If you rent and have a written agreement in place prior to October 9, 2020 you can claim the following amounts paid or payable to an arm’s-length party. They are:
  • base rent
  • regular payments for customary operating expenses, such as
    • property insurance
    • utilities
    • common area maintenance
  • property and similar taxes, including school and municipal taxes
  • regular payments to the lessor for customary ancillary services
  • If you own the property and use it primarily for your own business use you can claim amounts paid or payable to an arm’s-length party:
    • Interest on the mortgage
    • Property taxes
    • Property insurance
  • If the amounts above are only payable, then you must attest that you will pay them within 60 days of receive the subsidy.

To apply we will require for each location:

• Address
• Landlords name, contact and phone number
• Expenses for each month in the subsidy period (ie: first period is September 27 to October 25, will need September expenses and October expenses) for each location
• Any dates the premises was under lock-down
• Revenue for the months in the subsidy for 2020 and for 2019