Senate passes new rent relief program, June extension of wage subsidy
Changes proposed to the Canada Emergency Wage Subsidy (CEWS) and the introduction of the Canada Emergency Rent Subsidy (CERS) program were passed into law today by Canada’s Senate. The bill was referred to a Senate finance committee for review before the legislation was introduced at first reading. The new rent subsidy provides funds directly to recipients without requiring the landlords’ participation. Under the current CEWS, businesses with any revenue decline will be eligible to receive financial support. Notably, the new rent subsidy provides funds directly to qualifying renters and property owners, without requiring the participation of landlords.