New details on the Canadian Rent Subsidy announced

The Canadian government recently announced a new rent subsidy to replace the Canadian Emergency Commercial Rent Assistance (CECRA) program. The new subsidy will support businesses, charities and non-profit organizations that have suffered a revenue drop, by subsidizing a percentage of their expenses, on a slide scale, up to a maximum of 65% of eligible expenses.

New information on the first 12-weeks of the program have now been announced. Details include: 

                    -Eligible Expenses

                    -Eligible Entities

                    -Calculating Revenue

                    -Reference Period for the Drop-in-Revenue Test.

 

The subsidy would be available retroactive to September 27, 2020 until June 2021.

Download our article to read about the full details of the program.

Hong Kong Night
Blog
November 19, 2020

Changes in the corporate real estate paradigm

2020 has seen many corporations shift their real estate strategy in the current economic conditions. Companies are taking advantage of low interest rates and aggressive pricing in the property markets to increase their liquidity and improve their credit ratings.