delete Remission Order in Respect of Non-residential Leases and Licences of Occupation Under the Administration of the Parks Canada Agency
This regulation provides a 75% remission of rent and fees for commercial lessees of Parks Canada properties and related entities for April-September 2020, targeting those who would have qualified for commercial rent assistance if the lessor wasn't the government. It covers various lease types across national parks, urban parks, and municipal agreements.
This temporary pandemic relief creates market distortions by selectively subsidizing certain commercial tenants while excluding others, effectively picking winners and losers. The administrative burden of determining eligibility and processing claims diverts resources from productive use. These distortions prevent natural market adjustments that would have occurred, potentially keeping inefficient businesses operating while better-positioned competitors were forced to adapt. The government should not be in the business of providing targeted commercial rent relief, as this undermines property rights and creates moral hazard for future crises.