Dear Downtown Winnipeg BIZ Member,
As we continue to navigate this challenging time together, we’re committed to sharing the programs and supports available to you. We hope we’re making it a little easier by sharing relevant information with you and helping to guide you through the process.
We know businesses need help. We’re glad to be able to share with you that the federal government has launched a new rent subsidy program to help small businesses, and the provincial government is helping to amplify the “support local” message with a new campaign.
Applications are open for rent relief program
The Canada Emergency Rent Subsidy (CERS) will provide rent and mortgage support to small businesses affected by COVID-19. You can apply now through the Canada Revenue Agency (CRA).
You must meet these four eligibility requirements:
1. Meet at least one of the following conditions:
a. CRA businesses number on Sept. 27, 2020
b. Had a payroll account on March 15, 2020
c. Purchased business assets who meet the conditions above
2. Are an eligible business, charity, or non-profit. This would include individual businesses, some corporations, and registered charities.
3. Experienced a drop in revenue.
a. There is no minimum drop required to qualify for the subsidy. The rate your revenue has dropped is only used to calculate how much subsidy you receive for these periods.
4. Have eligible expenses.
The subsidy is available on a sliding scale (with a maximum subsidy rate of 65%) for businesses that can demonstrate a revenue loss up until December 19, 2020. An additional top-up of 25% (with a maximum possible subsidy of 90%) is available for organizations temporarily shut down by the mandatory public health order.
More information on the program can be found on the CRA’s website. Feel free to reach out to us if you have any questions about the application process.
CERS is a new program that replaces CECRA, which ended on September 30, 2020.
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