As more regions in the province move to a full lockdown to fight Covid-19, there is additional rent relief on the way for struggling businesses. Some will say “its too little too late,” but others will take whatever they can get. Applications for the new Canada Emergency Rent Subsidy open today. The new federal program will cover up to 65 per cent of rent or commercial mortgage interest on a sliding scale based on revenue declines, with an extra 25 per cent available to those hardest-hit. It replaces an earlier rent-support program for businesses introduced in the spring that saw little pickup because it relied on landlords to apply for help.
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