BC finance minister releases statement on federal extension of commercial rent assistance

Provincial minister of finance Carole James has released the following statement on the extension of Canada’s Emergency Commercial Rent Assistance program:

“The BC government welcomes the federal government’s decision to extend the Canada Emergency Commercial Rent Assistance program through to the end of August. Our government has been advocating for additional support for business owners and tenants affected by the pandemic, and this will give them additional time to recover and reopen.

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“The province's emergency order protecting eligible businesses from being evicted remains in place for the duration of the federal rent assistance program. The ban will continue to protect small businesses in British Columbia that would be eligible for rent relief but whose landlords have not applied, and it will encourage landlords to apply for the joint federal-provincial relief program.

“I encourage both commercial landlords and tenants to work collaboratively and apply for this program, so we can ensure our BC businesses are in a better position financially as we transition into recovery.”

To apply for the Canada Emergency Commercial Rent Assistance program, go to cmhc-schl.gc.ca/en/finance-and-investing/covid19-cecra-small-business.

For information on all provincial and federal support available to BC businesses, go to covid.smallbusinessbc.ca/hc/en-us.

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