The new rent policy announced May 9, 2005, is expected to result in close to $8 billion in rent relief for Canada’s airport authorities over the course of their existing leases as well as addressing the issue of inequity in the system. The rent policy is the result of extensive study and analysis over the past few years. 

The new rent formula is based on modern commercial leasing principles and is in line with other rent formulas within the Government of Canada and the private sector. The formula uses a progressive scale based on airport gross revenues to set out a more modern and equitable rent requirement for the 21 affected airports across Canada. 

More information on the policy's benefits is available in the following fact sheets, or browse our frequently asked questions page for answers about the new policy. Backgrounders on the rent review process and the rent formula itself are also available.