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COVID-19: Government of Canada Announces Newly Proposed Canada Emergency Commercial Rent Assistance Program

April 20, 2020

Further to our most recent newsletter which you can find here, the Prime Minister announced on April 16, 2020, that the Government of Canada has:

In addition, on April 17, 2020, the Prime Minister announced that it will be expanding eligibility for the Business Credit Availability Program, which provides financing to businesses to help them maintain their operations and keep employees on the job. The support will be available to medium-sized businesses with larger financing needs, beginning with companies in Canada's energy sector, to help them maintain operations and keep their employees on the job.

We will continue to monitor this rapidly evolving area and provide you with further updates. Please note that this bulletin is intended for informational purposes only and does not constitute legal advice or an opinion on any issue. If you have any questions, please contact the author or your Miller Canfield lawyer.

This information is based on the facts and guidance available at the time of publication, and may be subject to change.