Businesses, landlords say federal rent help falling short - News Summed Up

Businesses, landlords say federal rent help falling short


Both small business owners and their commercial landlords in Ottawa are complaining a federal funding program meant to help them through the COVID-19 crisis is falling short. She had hoped for help from the Canada Emergency Commercial Rent Assistance (CECRA) program, but said her landlord won't apply. In exchange, the landlord must reduce the rent they charge their small business tenants by at least 75 per cent for April, May and June. The Building Owners and Managers Association of Ottawa is in favour of help for landlords, and has been advocating for tax breaks to help small businesses. So even the ones who are making accommodations — it's still not really going to help businesses in the long term."


Source: CBC News June 02, 2020 16:09 UTC



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