October 19, 2020
Although the deadline to submit an initial application for the CECRA program expired on September 30th, 2020, the ability to apply for an extension of the program for the months of July, August and September of 2020 remains open until October 30th, 2020.
Those who qualified for CECRA based on existing program parameters will be able to apply for the additional three months based on having a 70 per cent revenue decline for April, May and June, without reassessing whether they continue to have a 70 per cent revenue decline in July, August or September.
Participation in the three-month extension is voluntary.
The CECRA website provides the following instructions regarding the extension application process:
If you have already submitted a CECRA application for the period of April – June, you may log back into the Portal and opt-in for an extension of either the month of July only, the months of July and August only, or the months of July, August and September. If you are applying for the September extension, you must do so as a separate application, after already applying for the July and August extensions.
If you have already opted-in for a July extension, you may log back into the Portal and opt-in for an August extension and afterwards you can opt-in for a September extension.
The Opt-In for the extension can be on a tenant by tenant basis and therefore, applicants are able to apply for the extension for certain tenants to the exclusion of others.
For further information and advice, please contact your KB advisor.
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