Canadian Government’s intent to introduce the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. 

The Prime Minister reiterated the ongoing collaboration with the Premiers in the provinces and territories to launch a program that will help small businesses offset commercial rent.

CECRA will seek to provide loans, including forgivable loans, to commercial property owners who in turn will lower or forgo the rent of small businesses for April (retroactive), May, and June.

This topic is on the agenda for a call between the PM and the Premiers tonight and was on the agenda for the Cabinet meeting today.