OTTAWA — The government announced on Friday that the Canada Emergency Commercial Rent Assistance program has been extended once again, and will now cover a portion of August’s rent for businesses that qualify.
To get the rent assistance, businesses will not have to prove a 70 per cent decline in sales for July or August, but will have to show a 70 per cent revenue shortfall that qualified them for CECRA in April, May and June.
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The program’s low adoption rate was previously criticized by the Canadian Federation of Independent Business, which cited the onus on landlords and stringent requirements.
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But on Friday, the government said that thousands of new applications are being regularly submitted, “demonstrating a strong interest in CECRA from property owners and small business tenants.”
About $613 million has been paid out to 63,000 tenants as of Thursday, the government said.
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