summary <div>A legislative

summary is currently being prepared for this bill by the Parliamentary Information and Research Service of the Library of Parliament. Meanwhile, the following executive

summary is available.<br/><br/>On November 2020, the Deputy Prime Minister and Minister of Finance introduced Bill C-9,

An Act to amend the Income Tax Act (Canada Emergency Rent Subsidy and Canada Emergency Wage Subsidy), in the House of Commons and it was given first reading. <br/><br/>Bill C-9 amends the Income Tax Act to revise the eligibility criteria, as well as the level of subsidization, under the Canada Emergency Wage Subsidy (CEWS) as part of the response to the coronavirus disease 2019. It also extends the CEWS to June 30, 2021. The enactment further amends the Income Tax Act to introduce the Canada Emergency Rent Subsidy (CERS) in order to support those hardest hit by the coronavirus disease 2019.

This subsidy provides relief in respect of rent and interest on debt obligations incurred to acquire real property used by businesses, charities and not-for-profit organizations in the course of their businesses or other activities.

The rent subsidy is effective as of September 27, 2020.</div> House of Commons — First reading: Completed (2020-11-02) House of Commons — Second reading: Completed (2020-11-05) House of Commons — Consideration in committee: Completed (2020-11-05) House of Commons — Report stage: Completed (2020-11-06) House of Commons — Third reading: Completed (2020-11-06) Senate — Senate pre-study: Completed (2020-11-17) Senate — First reading: Completed (2020-11-17) Senate — Second reading: Completed (2020-11-17) Senate — Third reading: Not completed Senate — Report stage: Completed (2020-11-19) Senate — Third reading: Completed (2020-11-19) LEGISinfo: https://www.parl.ca/legisinfo/en/bill/43-2/c-9