#cecra

Canada Emergency Commercial Rent Assistance (CECRA)

What is the Canada Emergency Commercial Rent Assistance Program (CECRA), and how does it work?

The CECRA program will provide forgivable loans to qualifying commercial property owners to cover 50% of three (3) monthly rent payments that are payable by eligible small business tenants who are experiencing financial hardship during April, May, and June.

The Program

The loans willbe forgiven if the…

.@theagenda had a great conversation about the plight of restaurants I had written about these issues before #covid19 #onetable #savehospitality #onpoli #cdnpoli

I came across the link below yesterday. Steve Paikin once again manages to get to the crux of the issue. The conversation summarizes precisely my arguments here and here.

Take a look:

https://www.tvo.org/video/how-covid-19-is-changing-restaurants

Doug Ford warns landlords of ‘consequences’ as small businesses fret evictions on June 1

CALGARY — Small- and mid-sized businesses across the country are worried about making their next commercial rent payment and are reaching out to provincial governments to protect them from evictions.

The Ontario Chamber of Commerce, Ontario Restaurant Hotel and Motel Association, Restaurants Canada and Canadian Federation of Independent Business released a joint-letter to Ontario Premier Doug…

The Rent is too damn high...With CECRA starting to accept applications on May 25th, all levels of government need to use their powers to ensure small businesses have rent protection. #cecra #covid19 #cdnecon #cdnpoli #onpoli #savelocal #svhospitalityca #onetable

Yesterday the Prime Minister stood outside the cottage at Rideau Hall to encourage landlords to participate in the CECRA program. In order to protect both their investments and small businesses from going bankrupt across the country.

https://twitter.com/justintrudeau/status/1263175435212505090?s=21

(more…)

As I was saying about the need for provincial governments to extend tenant protections to small businesses...#onpoli #cdnecon #savelocal #covid19 #cdnpoli

In my previous posting.

This was from last night’s Power and Politics on CBC.

https://twitter.com/pnpcbc/status/1261421350956105728?s=21

It’s time to extend that tenant protection to small businesses.

Government needs to sweeten the pot to help save small businesses. Provinces need to pass commercial tenant protection now. #cdnecon #savelocal #cdnpoli #covid19

The help is on the table. Landlords need to take it. I’ve written about the federal government’s commercial rent assistance program called CECRA before, here and here. My opinion piece in the Spec yesterday focused on it.

The fact of the matter is that landlords are not signing up in sufficient numbers to help save small businesses from going under. Stories have been circulating in the press…