A lease sign hangs in the window as a cyclist walks past a commercial store Monday August 31, 2020 in Ottawa. The federal government is expanding the life of commercial rent-relief program one last time. THE CANADIAN PRESS/Adrian Wyld

Liberals extend commercial rent-relief program for last time

The rent-relief program provides forgivable loans that cover half of rent for eligible small businesses

The federal government is extending its commercial rent-relief program one last time.

The Liberals say the program that aims to help small businesses with their rent or lease costs will be extended for this month, unveiling the details one week after rent was due.

In a release, the government says the one-month lifeline is a “final extension” for the program and that officials are looking at other options to help small businesses.

The rent-relief program provides forgivable loans that cover half of rent for eligible small businesses, and also requires landlords to waive a further one-quarter of what they’d otherwise be owed.

Property owners have to apply for the help, but take-up has lagged expectations and spending is projected to fall far short of the nearly $3 billion the Liberals have budgeted.

The government says that as of the start of this week, the program had provided over $1.32 billion in aid to more than 106,000 small-business tenants.

The Canadian Press

Like us on Facebook and follow us on Twitter.

Want to support local journalism? Make a donation here.

Coronavirus

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

COVID-19 isn’t cancelling this year’s Tour de Rock

Alumni riders will cycle relay sections in their own communities

POLL: Can B.C. hold a provincial election safely during a pandemic?

Can B.C. hold a provincial election safely during a pandemic?… Continue reading

Trail proposed to connect Cedar and Yellow Point

Regional director says project fits with active transportation goals

Woodgrove Centre posts plans to make masks and temperature checks mandatory

Mall advises in letter to customers that rules will come into effect Monday, Sept. 21

After testing, Island Health deems water safe around industrial fire site

Concerns about water quality arose after Sept. 10-11 fire at Schnitzer facility in Cassidy

Protesters march in Nanaimo, calling for greater protection of forests and watersheds

March for the Forests happened downtown on Friday afternoon

Accused in Makayla Chang’s murder sees next court date in October

Steven Michael Bacon faces first-degree murder charge in killing of Nanaimo teen

Regional District of Nanaimo looks to create its own flag

Staff created makeshift flag earlier this year for a conference that ended up getting cancelled

Nanaimo senior defrauded out of $14,000 in ‘grandson scam’

80-year-old victim was told her grandson was out-of-province and in legal trouble

VIDEO: B.C. to launch mouth-rinse COVID-19 test for kids

Test involves swishing and gargling saline in mouth and no deep-nasal swab

Conservation officers free fawn stuck in fence in Nanaimo

Fawn was uninjured after getting caught in fence in Hammond Bay area Wednesday

Beefs & Bouquets, Sept. 16

To submit a beef or a bouquet to the Nanaimo News Bulletin, e-mail bulletinboard@nanaimobulletin.com

One person dead in two-vehicle accident in North Island

Highway 19A was closed for several hours north of Courtenay following the crash

Supreme Court Justice Ruth Bader Ginsburg dies at 87

The court’s second female justice, died Friday at her home in Washington

Most Read