Wednesday, 20 May 2020 15:36

May 20/20 Update: CECRA to open on Monday, May 25/20

Good Afternoon All,
 
In his daily briefing today the PM announced that the commercial rent relief program, CECRA, will be open for applications starting this coming Monday, May 25/20.  Below is the updated information again from CMCH - as I mentioned yesterday, I encourage all landlords and tenants to click on the site and review all of the information and requirements.  And remember that applications will be accepted in a staged manner: Ontario landlords with 10+ tenants can apply on Weds. May 27; landlords with less than 10 tenants can apply on Thursday, May 28.  
 
During the question period of today's briefing the PM was asked about landlords who don't want to apply to this program.  The PM urged all commercial landlords to review the program details and said that his expectations are that landlords will agree to be part of the solution for their business tenants and to help businesses stay afloat and be around to reopen and continue to be part of the country's economic recovery.
 
We know that Premier Ford echoes the PM's position with regard to this program.  Our MPP Peter Tabuns has shared a link to yesterday's provincial question period.  Only 2 business rent questions from the NDP were allowed.  Here is the link - and the 2 questions regarding commercial rent can be found at approximately the 53:05 minute spot.
 https://www.youtube.com/watch?v=Dk59nZebH6g  
 
And here, once again, is the CMCH information for the CECRA:


COVID–19: CECRA for Small Businesses
We are committed to keeping you informed of the latest developments about the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses.  

The application portal is opening in the second half of May. We encourage all eligible commercial property owners to participate in this program.

To help you prepare, sample versions of the application documents are now available on our website. You can review them in order to have the required information on-hand when the application portal opens. 

Please note that these sample documents are for illustrative purposes only. The final versions of the documents will be available within the portal when it becomes active.

We invite you to visit the CECRA for small businesses web page as we have updated it to include additional details on the program. We also invite you to consult our Frequently Asked Questions section as we have included additional answers to your questions surrounding eligibility, definitions and process.

Visit the updated program page to get the latest details.
 
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Thanks,
Susan

 

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