Canada Emergency Commercial Rent Assistance (CECRA) Applications

May 25, 2020

UPDATE as of May 25, 2020

As of today, applications will be accepted through the Canada Mortgage and Housing Corporation (CMHC) website.

The CMHC expects a large number of applications. To manage this volume, the intake of applications will be staggered based on the size and location of the commercial property. Property owners can submit their applications according to the following timetable:

This program is for small business tenants that are paying less than $50,000 per month in gross rent, with annual consolidated revenues of less than $2 million, and that have experienced at least a 70 per cent drop in pre-COVID-19 revenues. It will also be available to non-profit and charitable organizations.


May 6, 2020

On April 16, 2020, Prime Minister Trudeau announced a new rent assistance program aimed at those with commercial properties. This program will lower rent by 75% for eligible small businesses that have been impacted by COVID-19.

Forgivable loans will be provided to commercial property owners to cover 50% of rent payments due to be made by eligible small business tenants who are experiencing financial hardship in April, May and June.
Loans are forgivable if the property owner holding the mortgage agrees to all the terms and conditions.

A rent forgiveness agreement must be established, including a term that the tenant cannot be evicted while the agreement is in place.

The Government will cover 50%, the property owner will cover 25%
The small business must pay the remaining 25% of the rent.


Small business tenants who:

Who can apply?

What are the eligibility criteria?

The property owner has:

There are no provincial differences in the key eligibility criteria.

What is an impacted tenant?

An impacted tenant is a non-essential business that temporarily ceased operations; or those experiencing at least a 70% decline in pre-COVID-19 revenues. The impacted tenant must generate no more than $20million in gross annual revenues, calculated on a consolidated basis. Impacted tenants must pay no more than $50,000 in monthly gross rent per location.

What is pre-COVID revenue?

Pre-COVID revenue is to be determined by comparing revenues in April, May, or June to the same month in 2019; or alternatively compared to average revenues for January and February 2020.

What are the application requirements?

Canada Mortgage and housing Corporation (CMHC) reserves the right to request any additional reporting it deems reasonably necessary.

You can sign up with CMHC to be notified of when the application process opens.

Does CECRA cover basic rent or include additional rent, TMI (taxes, maintenance and insurance)?

The CECRA will cover all fixed costs including mortgage and principal interest, property tax, utilities, and insurance.