October 9 announcements to support businesses

Updated: Nov 20, 2020

  • Canada Emergency Rent Subsidy - would provide rent and mortgage support until June 2021 for qualifying organizations affected by COVID-19. The rent subsidy would be provided directly to tenants, while also providing support to property owners. The new rent subsidy would support businesses that have suffered a revenue drop, on a sliding scale, up to a maximum of 65 per cent of eligible expenses until December 19, 2020. Organizations would be able to make claims retroactively for the period that began September 27 and ends October 24, 2020.

  • A top-up Canada Emergency Rent Subsidy of 25 per cent for organizations temporarily shut down by a mandatory public health order issued by a qualifying public health authority, in addition to the 65 per cent subsidy.

  • The extension of the Canada Emergency Wage Subsidy until June 2021. The subsidy would remain at the current subsidy rate of up to a maximum of 65 per cent of eligible wages until December 19, 2020.

  • An expanded Canada Emergency Business Account (CEBA), which would enable businesses, and not-for-profits eligible for CEBA loans—and that continue to be seriously impacted by the pandemic—to access an interest-free loan of up to $20,000, in addition to the original CEBA loan of $40,000. Half of this additional financing would be forgivable if repaid by December 31, 2022. Additionally, the application deadline for CEBA is being extended to December 31, 2020. Further details, including the launch date and application process will be announced in the coming days. An attestation of the impact of COVID-19 on the business will be required to access the additional financing.


Kor Ver.

오늘 10/9/2020 정부에서 CERS 발표한 내용 공지합니다.

1. 전에 시행한 CECRA 는 9월말로 종료되었고 LANDLORD 를 통하여 신청하였던 불편한 점을 감안하여 CERS는 직접 TENANT 가 신청가능하며 2021년 6월까지 시행 예정입니다.

2. 매출이 최소 70% 이상 감소한 사업체는 RENT 혹은 모기지이자 지급액의 65% 까지 지원 예정입니다.

3. 매출이 70% 이하 감소한 사업체는 점차적으로 지원받는 금액이 줄어든 비율로 감소되어 지원될 예정입니다.

4. MANDATORY ORDER 에의하여 사업체가 의무적으로 문을 닫아야 하는 경우에는 90% 까지 지원받을 수 있습니다.

5. 특정 조건이 부합하는 사업체에 대하여 CEBA($40,000) 를 2배로 증가하여 $80,000 까지 지원할수 있다는 안도 발표하였습니다. 또한 CEBA Loan deadline이 12/31/2020 로 연기되었습니다.

6. 오늘 발표 내용은 대략적인 것으로  자세한 것은 추가 입법되어 확정 발표하는 대로 공지할 예정입니다. 

추수감사절 건강하게 가족과 함께 잘 보내시기 바랍니다.

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