Canada Emergency Rent Subsidy (CERS)
Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for the Canada Emergency Rent Subsidy (CERS) to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.
How does the subsidy work?
This subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.
If you are eligible for the base subsidy, you may also be eligible for lockdown support if your business location is significantly affected by a public health order for a week or more.
How to qualify for this subsidy?
To qualify for this subsidy you must meet at least one of these conditions:
- Had a CRA business number on September 27, 2020, or
- Had a payroll account on March 15, 2020, or another person or partnership made payroll remittances on your behalf, or
- Purchased the business assets of another person or partnership who meets condition b above, and have made an election under the special asset acquisition rules
- Experienced a drop in revenue
- Are an eligible business, charity, or non-profit
- Have eligible expenses
If you need more information about this program, contact RGB Accounting via phone at (416) 932-1915 or email at [email protected].
Source: CRA
Newsletters
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Events & Sponsorship
No Results Found
The page you requested could not be found. Try refining your search, or use the navigation above to locate the post.
Articles & Publications
Changes to RRSP and CPP in 2021
The Canada Revenue Agency (CRA) has made annual announcements about the nation’s retirement programs. Namely, the Canada Pension Plan (CPP) and the Registered Retirement Savings Plan (RRSP) are being updated as we enter the new year. Here are the changes you need to...
CRA Collection Letters for CERB Ineligibility & Repayment
The Canada Revenue Agency has begun issuing formal collection letters for CERB repayment to recipients who may or may not have been eligible for the payments they received. You may have received a letter from CRA regarding CERB payments to be paid back along with one...
TFSA limit for 2021 released
The TFSA new contribution limit for 2021 has been officially released. That limit is $6,000, matching the amount set in 2019 and 2020. With this TFSA dollar limit announcement, the total contribution room available in 2021 for someone who has never contributed and has...
CERB has ended, here is what to know about your benefits
After providing millions of Canadians with financial relief since the beginning of the pandemic, the Canada Emergency Response Benefit (CERB) will be coming to an end on Saturday and recipients will be forced to transition to a recently updated Employment Insurance...
CRA Warning: Pay Your Taxes on the CERB!
The Canada Revenue Agency (CRA) might have helped you through the lockdown if you lost your job due to COVID-19. The federal government initially announced the Canada Emergency Response Benefit (CERB) that would see qualifying Canadians receive $2,000 per month over...