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Coronavirus commercial rent relief program extended into July: feds

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globalnews.ca

coronavirus commercial rent relief program to help cover July costs for eligible small businesses, with a few changes.The Finance Department says the program will no longer clawback the costs of insurance proceeds and provincial rent supports from the forgivable loans for current and new applicants.

Commercial rent relief plan gave businesses hope, but landlords reluctant to participate Previous clawback amounts will be given back to landlords that previously received loans through the program.As well, those who qualified for loans by showing revenue declines of 70 per cent in April, May or June will qualify anew without being reassessed on whether their earnings have dropped that much in July.As of June 21, the program had doled out $152.

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