Rent relief update and RCC webinars

24 Apr 2020 1:35 PM | Anonymous
RENT RELIEF UPDATE

Prime Minister Trudeau announced rent relief to small businesses who can't afford  to pay rent because their businesses operations have been curtailed or shut down completely due to covid-19. This relief will be done in partnership with provinces and territories, as they have jurisdiction over rents.

As reported by Global news:

"The Canada Emergency Commercial Rent Assistance for small businesses will provide forgivable loans to qualifying commercial property owners to cover 50 per cent of three monthly rent payments payable by eligible small business tenants experiencing financial hardship during April, May and June.

The loans will be forgiven if the mortgaged property owner agrees to reduce the eligible small business tenants’ rent by at least 75 per cent for the three corresponding months under a rent forgiveness agreement, which will include a pledge not to evict the tenant while the agreement is in place.

The small business tenant would cover the remainder, up to 25 per cent of the rent.

Affected small business tenants are those paying less than $50,000 per month in rent and who have temporarily ceased operations, or have experienced at least a 70-per-cent drop in pre-COVID-19 revenues. The program is also available to charities and non-profit organizations."

As details are revealed the CJA will update our members.


RCC WEBINARS
 

The Retail Council of Canada (RCC) is allowing non-members to participate to their webinars. An opportunity not to miss. If you're not a member, you can email them at events@retailcouncil.org to register.

https://www.retailcouncil.org/webinars/rcc-daily-briefing-on-covid-19-for-members

Every week on Mon, Wed, Fri, until May 08, 2020, 7 occurrence(s)

Apr 24, 2020 6:00 PM
Apr 27, 2020 6:00 PM
Apr 29, 2020 6:00 PM
May 1, 2020 6:00 PM
May 4, 2020 6:00 PM
May 6, 2020 6:00 PM
May 8, 2020 6:00 PM


ABOUT CJA

Since 1918, we have provided a single source for information on this vibrant and diverse industry to consumers, government, media and businesses. 

The CJA is the national trade association for the Canadian jewellery industry, comprised  of retailers, suppliers, appraisers, designers and providers of goods and services.


CONTACTS

Canadian Jewellers Association
27 Queen St. East, Suite 600 
Toronto, Ontario Canada M5C 2M6

Phone: 416-368-7616
Fax: 416-368-1986 

Toll free: 1-800-580-0942 

Email: info@canadianjewellers.com 



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