23 December 2022 Internal T.I. 2021-0880421I7 F - SUCL - Dépenses de loyer admissibles -- summary under Subparagraph (b)(i)

CRA indicated that government assistance related to interest paid on a debt obligation secured by a mortgage on a qualifying property would not reduce the amount of interest paid on the debt obligation for purposes of s. 125.7(1)(b)(i) of the definition “qualifying rent expense” for purposes of the Canada emergency rent subsidy ("CERS") rules, and that the question of for what qualifying period an amount of interest is paid annually on a debt obligation secured by a mortgage or hypothec on a qualifying property is “qualifying rent expense” is a question of fact.