The reform of commercial rental assistance is progressing in the Municipalities

Commercial rental assistance reform progresses in Commons

Liberals in Ottawa struck a deal with opposition parties on Wednesday to speed passage of a much-needed bill that would provide direct access to rent assistance for businesses and businesses hard hit by the pandemic.

Share November 4, 2020 6:44 p.m. Share Commercial rent assistance reform advances in Commons The Canadian Press OTTAWA – Liberals in Ottawa reached agreement with opposition parties on Wednesday to speed up passage of bill expected law that would provide direct access to rental assistance for businesses and businesses hard hit by the pandemic.

Under the agreement, Bill C-9 would pass the House of Commons on Friday; it would still have to be approved by the Senate before it could be enacted.

The bill would replace the old commercial rent assistance program, which has been widely criticized. The request was to be made by the owners of commercial space, who did not rush to the doors of the federal government to help their tenants in difficulty.

The new “Canada Emergency Rent Grant” would be requested by commercial tenants to help them pay their rent or mortgage.

The new emergency grant would cover up to 65% of eligible fixed costs for businesses and businesses – but also charities and nonprofits – that have suffered a drop in their income due to the pandemic. Claims could be made retroactively for the period beginning September 27. Companies that would be forced to temporarily close their doors would be entitled to 25% more.

Bill C-9 would also extend the emergency wage subsidy until June 2021.

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