What's the Deal With CECRA? My Thoughts On the Government's Newest Initiative to Help Businesses' Pay Rent
www.aaronmilleryourlawyer.com ** The content of this article is the sole and exclusive property of Aaron Miller, Barrister & Solicitor. In no way does the content of this article represent a lawyer-client retainer, nor is the content representative of legal advice. While conducting a consultation with one of my commercial tenant clients the other day, a major initiative from both the provincial and federal governments came up: The impact of the Canada Emergency Commercial Rent Assistance (CECRA) program. To put it plainly, CECRA (officially introduced on April 16, 2020) was created to help the small-to-medium size business out. Primarily, the Ontario and Canadian governments have partnered to do one particularly important thing: Allow these businesses to pay their full (or close to full) rent. As you can imagine, COVID has just about affected everything. This includes, small-to-medium size businesses, who although might have been doing very well pre-COVID, are now often str...