COVID-19 Update: PM Announces CECRA for Small Businesses, $625K in Donations for Vancouver Aquarium

Prime Minister Justin Trudeau announced the new Canada Emergency Commercial Rent Assistance program which will provide small businesses with up to 75% relief in monthly rent. However, there are two criteria that businesses must meet to be eligible. Firstly, the monthly rent must be less than $50,000. Secondly, the pre-COVID-19 revenue must be at least 70%.