70a2f0392847dc331972c7d3d3673ab9

Canada Emergency Rent Subsidy (CERS)

To all our business, non-profit & charity organization clients, this might be of interest!

CRA recently gave information about the newest support for businesses, non-profit organizations, and charities: the Canada Emergency Rent Subsidy (CERS). 

From CRA:

Canadian businesses, non-profit organizations, or charities who have seen a drop in revenue due to the COVID-19 pandemic may be eligible for a subsidy to cover part of their commercial rent or property expenses, starting on September 27, 2020, until June 2021.

This subsidy will provide payments directly to qualifying renters and property owners, without requiring the participation of landlords.

If you are eligible for the base subsidy, you may also be eligible for lockdown support if your business location is significantly affected by a public health order for a week or more.

The significance of the latest information is: 

  • NOT requiring the participation of landlords
  • NO minimum loss of revenue required

This subsidy will hopefully be easier to apply for, support more people, and allow businesses to overcome the challenges faced right now with Covid-19. 

To see if you are eligible to apply, follow this checklist:

https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-rent-subsidy/cers-who-apply.html

To calculate a possible subsidy amount, input your information here:

https://www.canada.ca/en/revenue-agency/services/subsidy/emergency-rent-subsidy/cers-calculate-subsidy-amount.html

For any specific questions related to your business, non profit or charity- please contact us at Cahill CPA. We would be happy to give you more information. 

Shannon@CahillCPA.ca      

Stay informed

January 2, 2024

Understanding the New T3 Trust Reporting Requirements

Good afternoon, My name is Julia, and I am here to discuss the new reporting requirements for trusts. These rules will apply to Trusts that have tax years ending after…

July 20, 2023

Understanding the New Underused Housing Tax (UHT)

The federal government announced the new underused housing tax (UHT) as part of the 2021 federal budget which came into effect on Jan 1, 2022. In a nutshell, the UHT is a…

November 1, 2022

Business Excellence Awards Finalist

We are so honoured to be a finalist in the North Vancouver Chamber Business Excellence Awards in the category of Best Employer. From the North Vancouver Chamber: The North Vancouver…