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Ottawa extends commercial rent relief program, known as CECRA, into August

from CBC News

Ottawa extends commercial rent relief program, known as CECRA, into August CBC News The federal government has extended Canada Emergency Commercial Rent Assistance (CECRA), its rent subsidy program to support small businesses, by another month. CBC News first reported the decision on Friday morning before the government confirmed the move in a press release later in the day. Under the original rent program known as CECRA, small businesses that have lost 70 per cent or more of their revenue due to the COVID-19 pandemic only have to pay 25 per cent of their rent. The provinces, territories and federal government combine to cover 50 per cent, while landlords cover 25 per cent. READ MORE

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