April 17, 2020 - Jennifer Williams
On April 16 Prime Minister Justin Trudeau announced that the Federal Government plans to introduce the Canada Emergency Commercial Rent Assistance. This program is slated to provided rent relief to small and medium-sized business amid the Covid-19 pandemic.
While the finer details of the new program are yet to be released, aspects that have been alluded to thus far by the Prime Minister and Finance Minister Bill Morneau include:
a measure of relief is to be provided for rents due in the months of April, May and June; there will be an offer of loans (including forgivable loans) to commercial…