Canada Emergency Rent Subsidy Phase-out

Posted
April 20, 2021
in

The 2021 Federal Budget proposes that CERS will be extended to September 25, 2021, but will start phasing out after July 3, 2021. Paralleling CEWS, only employers with more than a 10% decline in revenues will be eligible for CERS as of that date. Lockdown support is proposed to extend to September 25, 2021 unchanged at a 25% rate.

The rates and limits are as follows:

CERS Rate Structure, Periods 10 - 13

Period 10Period 11Period 12Period 13
Date RangeJune 6 - July 3July 4 - July 31Aug 1 - Aug 28Aug 29 - Sep 25
Revenue Decline:
70% and over65%60%40%20%
50-69%40% +
1.25 x
(revenue
decline -
50%)
35% +
1.25 x
(revenue
decline -
50%)
25% + 0.75
x (revenue
decline -
50%)
10% + 0.5
x (revenue
decline -
50%)
>10-50%0.8 x
revenue
decline
0.875 x
(revenue
decline -
10%)
0.625 x
(revenue
decline -
10%)
0.25 x
(revenue
decline -
10%)
0-10%0.8 x
revenue
decline
0%0%0%

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