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Canada Emergency Rent Subsidy

The Canada Emergency Rent Subsidy (CERS) program provides a subsidy of up to 65% of commercial rent and related property expenses to Canadian businesses, non-profit organizations, or charities who have experienced a revenue decline due to the COVID-19 pandemic. CERS runs from September 27, 2020, until June 2021.

This subsidy is paid directly to qualifying renters and property owners and does not require the participation of landlords.

Any entities eligible for the base subsidy may be eligible for additional lockdown support of up to 25% of eligible expenses if a location is significantly affected by a public health order for a week or more.

There is no minimum revenue drop required to qualify for the subsidy, but the decline in revenue experienced is used to calculate the subsidy amount for each period. The reference periods for March 14 to June 5, 2021, can be found on the Government of Canada website.

Business, Non-Profit or Charity Eligibility

In order to be eligible, entities must meet one of the following requirements:

  • Have had a CRA business number on September 27, 2020; or
  • Have 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 an entity that met the condition above. The special asset acquisition rules are the same as the Canada Emergency Wage Subsidy (CEWS) and require an election to be made.

And

  • Be an eligible business, charity, or non-profit (eligible entity) per the list on the Government of Canada website.

And

  • Have experienced a decline in revenue calculated by comparing the eligible revenue during the period with eligible revenue from a previous period. The decline in revenue can be calculated online here

For more information and full program details, visit the Government of Canada website.

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