The new Canada Emergency Rent Subsidy (CERS) is now open for applications.

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The new Canada Emergency Rent Subsidy (CERS) is now open for applications.

CERS provides targeted, direct relief to businesses, non-profits and charities that are continuing to face the economic impacts of the COVID-19 pandemic.

The new rent subsidy supports businesses, charities, and non-profits that have suffered a revenue drop by providing support up to a maximum of 65% of eligible expenses.

Qualifying organizations that are required to shut down or significantly limit their activities under a public health order will have access to Lockdown Support, a top-up subsidy of 25%, meaning that they could receive rent or property expenses support of up to 90%.

Eligible expenses include commercial rent, property taxes (including school taxes and municipal taxes), property insurance, and interest on commercial mortgages (subject to limits) for qualifying property, less any subleasing revenues. Any sales tax (e.g., GST/HST) component of these costs is not an eligible expense.
The rent subsidy parameters apply until December 19, 2020 with future parameters in 2021 to be adapted and targeted as needed.

For more info read https://loom.ly/M9gMs04 from Cornwall Ontario – Choose Cornwall

#cornwallbusiness #cornwallontario #cornwall #sdg #cityofcornwall

Greg Pietersma
Author: Greg Pietersma

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