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Investment . 4 years ago

Ban evictions of small businesses

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  • Pausing Commercial Evictions Legislation Passes

    The Ontario government passed the Protecting Small Business Act, temporarily halting or reversing evictions of commercial tenants and protecting them from being locked out or having their assets seized during COVID-19. The legislation applies to businesses that are eligible for federal/provincial rent assistance for evictions from May 1, 2020 until August 31, 2020.

    Landlords and tenants are encouraged to participate in the Canada Emergency Commercial Rent Assistance (CECRA) for small businesses. The pause on evictions does not apply to those participating in CECRA for small businesses, as the program requires landlords to enter into a rent reduction agreement with their impacted small business tenants and commits them to a moratorium on evictions for three months.

    “Pausing evictions of commercial tenants is another way Ontario is supporting small businesses and providing much needed relief as the government work to reopen the economy,” said Rod Phillips, Minister of Finance and Chair of the Ontario Jobs and Recovery Committee. “Working with the federal government, we are providing more than $900 million in relief to tenants and landlords in Ontario through the Canada Emergency Commercial Rent Assistance for small businesses.”

    More Details on Bill 192, Protecting Small Business Act, 2020 

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