By Canadian Press

one last time

Liberals extend commercial rent-relief program for last time

Sep 8, 2020 | 10:06 AM

OTTAWA — The federal government is extending its commercial rent-relief program one last time.

The Liberals say the program that aims to help small businesses with their rent or lease costs will be extended for this month, unveiling the details one week after rent was due.

In a release, the government says the one-month lifeline is a “final extension” for the program and that officials are looking at other options to help small businesses.

The rent-relief program provides forgivable loans that cover half of rent for eligible small businesses, and also requires landlords to waive a further one-quarter of what they’d otherwise be owed.

Property owners have to apply for the help, but take-up has lagged expectations and spending is projected to fall far short of the nearly $3 billion the Liberals have budgeted.

Meaningful Mementos

Remembering Someone You've Lost at Christmas

Dec 03, 2024

Seasonal Sorrow

How Do You Get Through The Holidays When You're Grieving?

Nov 01, 2024

Upcoming Events at Oliver's

Grief & Loss and Estate Planning Seminars

Oct 02, 2024

The government says that as of the start of this week, the program had provided over $1.32 billion in aid to more than 106,000 small-business tenants.

This report by The Canadian Press was first published Sept. 8, 2020.

The Canadian Press