Today, Prime Minister Trudeau provided details on the Emergency Commercial Rent Assistance program to provide 75% rent support to small businesses unable to pay their rents because of COVID-19. The program will be delivered through forgivable loans to landlords.
Developing the program required the government to negotiate with all provinces and territories in Canada as the responsibility for commercial rent agreements is provincial jurisdiction.
Prime Minister Trudeau said there is more to come for businesses with larger rents.
The Prime Minister and the provinces will meet today to further discuss the gradual reopening of the Canadian economy.
Consult the Sussex COVID-19 Guide for information on supports made available across the Federal, Provincial and Municipal Governments.
As the details of the programs announced today become available, let Sussex help connect you with the right people in government to help your organization get through these extraordinary times.
For more detail, please reach out to your Sussex representative directly or to the Federal Government Relations Team.