Canada releases draft legislation for Canada Emergency Rent Subsidy

Executive summary

The Canadian Government has released its long-anticipated draft legislation for the Canada Emergency Rent Subsidy (CERS)¹ program along with two related backgrounders.²

Structured in a manner similar to the Canada Emergency Wage Subsidy (CEWS), the CERS takes over where the Canada Emergency Commercial Rent Assistance program (CECRA) left off.³ Under the CERS, qualifying organizations that have suffered a decline in revenue would be eligible to receive a subsidy in respect of cert…