Removal of insurance proceeds claw-back to CECRA

 

The Federal Government has announced changes to the Canadian Emergency Commercial Rent Assistance (CECRA) program. The changes include a one-month extension of the program and the removal of the requirement to claw-back insurance proceeds and provincial rent supports from the CECRA forgivable loan amount for both existing and new applicants. Existing applicants who are affected by this change will be notified and any previously clawed-back amounts will be restored to their forgivable loan.

 

Read the full release.

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