canada commercial rent assistance

Trudeau announces Canada Commercial Rent Assistance to help small businesses with their lease

Small businesses across the country have called out for help with rent in the face of nationwide shutdowns, and it appears the Canadian government has heard them.

Premier Justin Trudeau announced today that the federal government is launching the Canada Commercial Rent Assistance program, which will assist small businesses in covering their leases for April, May and June.

The news comes after many businesses have faced lockouts and evictions after being unable to pay April's rent due to the COVID-19 pandemic.

Advocacy groups have been petitioning the government to implement some kind of rent relief for businesses at risk of shutting down while the country remains in lock down.

The government also a said today that eligibility for the Canada Emergency Business Account (CEBA) would be expanded to include more small and medium businesses, something many businesses had stressed was an issue.

Trudeau said details about the Canada Commercial Rent Assistance program are still being sorted out with the provinces and he'll have more information soon.

Lead photo by

Fareen Karim

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