A lease sign hangs in the window as a cyclist walks past a commercial store Monday August 31, 2020 in Ottawa. The federal government is expanding the life of commercial rent-relief program one last time. THE CANADIAN PRESS/Adrian Wyld

Liberals extend commercial rent-relief program for last time

The rent-relief program provides forgivable loans that cover half of rent for eligible small businesses

The federal government is extending its commercial rent-relief program one last time.

The Liberals say the program that aims to help small businesses with their rent or lease costs will be extended for this month, unveiling the details one week after rent was due.

In a release, the government says the one-month lifeline is a “final extension” for the program and that officials are looking at other options to help small businesses.

The rent-relief program provides forgivable loans that cover half of rent for eligible small businesses, and also requires landlords to waive a further one-quarter of what they’d otherwise be owed.

Property owners have to apply for the help, but take-up has lagged expectations and spending is projected to fall far short of the nearly $3 billion the Liberals have budgeted.

The government says that as of the start of this week, the program had provided over $1.32 billion in aid to more than 106,000 small-business tenants.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Coronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

Ecosystem restoration burn planned for Premier Lake area

A prescribed ecosystem restoration burn is being planned for 12 hectares in… Continue reading

Two new COVID-19 cases announced in Interior Health region

The total number of cases in the region is at 533

Local kayakers and canoers paddle Kootenay for World Rivers Day

SUBMITTED World Rivers Day — a day to appreciate and clean up… Continue reading

Aquatic Centre to remain closed

City Council decides to keep pool closed until guidelines make it feasible to reopen safely

Steelworkers Local 1-405 hosts barbecue for City of Kimberley members

The union is embarking on negotiations with the City of Kimberley for a new collective agreement

B.C. counts 125 new COVID-19 cases, up to 1,284 active

No new deaths or health care facility outbreaks

Lessons from a pandemic: How to design a nursing home that’s safe and love-filled

A look at how one care home is battling the pandemic with the social needs of the elderly in their care

Winter tires, chains now mandatory along most B.C. highways

Drivers without the proper winter tires – which must also be in good condition – can be fined $109

Health Canada green-lights rapid COVID-19 test

Health Canada approved the BCube test from Hyris Ltd. in the United Kingdom Sept. 23

Join Black Press Media and Do Some Good

Pay it Forward program supports local businesses in their community giving

First Nations Health Authority chief medical officer concerned with rising COVID-19 cases

“There’s still so much we don’t know and we’re learning everyday about this particular virus.”

FINLAYSON: COVID-related job losses concentrated in urban areas… especially Metro Vancouver

The biggest job losses, in absolute terms, have been in Metro Vancouver

Action demanded over death of First Nations youth in Abbotsford group home

Family and Indigenous organizations push for thorough investigation

U.S. boater fined $1,000 for violation of Quarantine Act

49-year-old man entered Canada to visit girlfriend in Surrey

Most Read