OTTAWA, O.N. – The Federal Government has provided more details about the new Canada Emergency Commercial Rent Assistance program for small businesses.

This program will lower rent by 75 percent for small businesses that have been affected by COVID-19. Small businesses that have seen a drop in revenue of 70 percent will qualify for the program.

The Government is also providing further details on the program:

The Government has not said how businesses and landlords can apply for the program or when the funding will be available.