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Canada Emergency Rent Subsidy Applications Now Open

November 23, 2020

Canada Emergency Rent Subsidy

The Canada Emergency Rent Subsidy (CERS) provides a direct and easy-to-access rent and mortgage subsidy of up to 65% of eligible expenses to qualifying businesses, charities and non-profits. The subsidy rates are in effect until December 19, 2020. This support is available directly to tenants.

Lockdown Support

Qualifying organizations that have been significantly restricted by a mandatory public health order issued by a qualifying public health authority can receive an additional 25% of rent support through the Lockdown Support.

The combined effect of the rent subsidy and the Lockdown Support is that hard-hit businesses, non-profits and charities subject to a lockdown can receive rent support of up to 90%.

The rent subsidy and the Lockdown Support are available until June 2021.

A quick synopsis is as follows: (see the full backgrounder for complete information)

Your revenue drop How to calculate your rate
Revenue drop of 70% or more The maximum subsidy rate of 65%
Revenue drop of 50 to 70% (Your revenue drop – 50%) x 1.25 + 40%
Revenue drop of less than 50% 0.8 x your revenue drop