23 March 2021 TEI Roundtable, 2021-0879631C6 - CERS - Net Leases, Qualifying Revenue & Deadlines -- summary under Subclause (a)(i)(C)(II)

In responding to questions as to whether utilities paid by a tenant can qualify as qualifying rent expenses and be claimed under the Canada emergency rent subsidy (“CERS”), CRA indicated:

  • If a tenant pays utilities in addition to rent under a lease that is not a net lease, those amounts do not qualify.
  • However, amounts that are required to be paid under a net lease by the tenant may so qualify if they are for types of operating expenses that are customarily charged to the tenant under a net lease regarding the property’s operation, for example, where the tenants in a shopping centre pay monthly to the landlord the estimated pro rata portion of the natural gas, electricity and water expenses for the mall.
  • Furthermore, “if a net lease requires an amount to be paid to a third party as a regular instalment of operating expenses customarily charged to the tenant under a net lease, this payment may be a qualifying rent expense. Examples of third parties might include property managers or utility service providers.”
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