New COVID rent relief program won't help struggling businesses until next month, group says - News Summed Up

New COVID rent relief program won't help struggling businesses until next month, group says


A long wait for a 'better' programLast Friday, the federal government unveiled a revamped program to help small businesses cover rent costs during the pandemic. While the previous program depended on landlords applying for the small business rent relief, the new program is supposed to make it easier for businesses to obtain rent and mortgage relief by allowing them to apply directly to the Canada Revenue Agency. Small Business Minister Mary Ng says the new rent relief program will be backdated to October. "Businesses will be getting rent relief for the month of October," Ng said, adding relief would be backdated. That expense never went away for a lot of small businesses," said Jeff Clarke, president of Murdoch Travel in Barrie, Ont.


Source: CBC News October 15, 2020 07:52 UTC



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