Application period now open for the Canada Emergency Rent Subsidy

November 25, 2020

The application period for the Canada Emergency Rent Subsidy is open. The subsidy provides direct benefits related to rent and property expenses to qualifying businesses, non-profits and charities that have suffered a drop in revenue.

Eligible expenses include commercial rent, property taxes (including school taxes and municipal taxes), property insurance, and interest on commercial mortgages.

Revenue Decline Base Subsidy Rate
70% and over 65%
50% to 69% 40% + (revenue drop – 50%) x 1.25
(e.g., 40% + (60% revenue drop – 50%) x 1.25 = 52.5% subsidy rate)
1% to 49% Revenue drop x 0.8
(e.g., 25% revenue drop x 0.8 = 20% subsidy rate)

Applications are submitted to the Canada Revenue Agency’s CRA Login Services. Organizations can claim the subsidy retroactively for the period beginning September 27 and ending on October 24, 2020.

Qualifying organizations that are subject to a lockdown and must shut their doors or significantly limit their activities under a public health order may be eligible for an additional top-up of 25% of eligible expenses through the new Lockdown Support. The Lockdown Support would be available retroactive to September 27, 2020, and until June 2021 during periods when businesses are facing eligible public health restrictions.

Learn more, Canada Emergency Rent Subsidy: Backgrounder.


Park N Fly Benefits

How the program works

  • Members select their departure city from the drop-down menu
    1. Choose Valet or Self-Park where applicable
    2. Enter their outbound and return dates
    3. Click find your rate
    4. The rates will automatically load
    5. Print a copy of the coupon
  • When exiting the lot
    1. Scan the printed Park’N Fly coupon at the Self-Park pay station
  • If members are using a Valet location
    • Hand a copy of the printed voucher to the agent at check-out or give them the discount code 1120313 once the code is entered by the agent the rate will automatically append to the AIA Canada rate program.
  • Discount Code 1120313
  • At check out members simply scan their pre-printed coupon the Valet or Self-Park pay station
  • When exiting the lot
    • Select form of payment
      1. Credit card
      2. Debit card
    • If they have any difficulties simply
      1. Manually enter 1120313 at the pay station and the rate will be applied
    • Scan the Park’N Fly ticket