Special rules in Ontario
Based on the federal agreement with the government of Ontario, mixed use properties are eligible if the property has at least a 30% commercial component, but clearly only for the commercial tenants.
In addition, the government funding, and the portion of rent covered by the tenant, are not to be applied to pay any of the Ontario property owner’s normal profits from rental income. Therefore, the property owner must set the commercial tenants’ rents at the level necessary to forego that profit for the relevant three-month period. While not certain, it seems likely that the owner can earn profit from tenants whose tenancies are not put into the program.
Applications for Ontario’s CECRA are to be available until Sept. 30, 2020, one month later than the deadline in other provinces.