In new legislation tabled by Finance Minister Chrystia Freeland on Monday, federal coffers will retroactively cover small business rent for the month of October.Article content continued
“CECRA was problematic from the start, and a large number of small businesses have struggled without access to any rent support for months,” said Alla Drigola, director of parliamentary affairs for the Canadian Chamber of Commerce. “We would have liked to see this CERS retroactive to the start of the CECRA program to ensure support is provided to the businesses that need it most.”
“Not retroactively fixing rent relief’s original design flaw feels unfair and arbitrary and we will continue to advocate that this be fixed,” said Laura Jones, executive vice-president of the Canadian Federation of Independent Business.Article content continued Rent, along with labour, is among the biggest costs facing most small businesses, and lobby groups have been in regular negotiations with federal officials on the new rent relief program. Ottawa had to extend the CECRA program in September in order to provide supports to shut-down businesses — a move that was applauded by industry, but that only helped entrepreneurs who had already tapped into the program.
Will CRA take retroactive payments without interest..I don’t think so !!