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Canada Emergency Commercial Rent Assistance (CECRA)
The Canada Emergency Commercial Rent Assistance (CECRA) is a program for landlords to provide incentives to reduce rent for certain small businesses (defined below). The application portal is opened on May 25, 2020, at https://www.cmhc-schl.gc.ca/en/finance-and-investing/covid19-cecra-small-business Property owners must offer a minimum of 75% rent reduction for the months of April, May
Canada Emergency Wage Subsidy (CEWS)- Revisions
The government recently introduced amendments to the CEWS program which are meant to extend the applicability of the program. The CEWS is the program where the government reimburses eligible employers for a portion of their employees salaries. Many of these changes are retroactive to the beginning of the program. This
New Innovation Assistance Program
Applications must be in by April 29, 2020. The government recently announced $250 million of a new program called the Innovation Assistance Program (IAP). The goal of this program is to assist Canadian small and medium sized enterprises in the technology field. This program is for those technology companies that
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