A new federally funded commercial rent-relief program is now open for applications.
The Canada Emergency Rent Subsidy is aiming to help businesses struggling to pay their bills during the pandemic.
This new program will replace the rent-support program for businesses that was introduced in the spring. The program from the spring saw little pickup because it relied on landlords applying.
The new program will cover up to 65% of rent or commercial mortgage interest on a sliding scale based on revenue declines.
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