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:

1. Had a CRA business number on September 27, 2020, or
2. Had a payroll account on March 15, 2020, or another person or partnership made payroll remittances on your behalf, or
3. 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
4. Experienced a drop in revenue
5. Are an eligible business, charity, or non-profit
6. 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