Government Program Updates – October 9

New commercial rent relief program:

– Goes directly to tenants

– If revenue losses of 70%+ then government assists with 65%

– If revenue losses of less than that, relief will be assigned on a sliding scale

– If business has suffered due to mandatory lockdown restrictions, then there is a top up of up to 25%

– Administered by CRA


Wage Subsidy:

– Extended until June 2021

– Freezing the 65% until Dec. 19



– there will be an additional $20K loan if qualifying businesses can attest to losses of revenue due to pandemic. $10K forgivable if repaid by 2022