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Decentralized Democracy

House Hansard - 233

44th Parl. 1st Sess.
October 17, 2023 10:00AM
  • Oct/17/23 4:50:28 p.m.
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Mr. Speaker, I will have to sing a song to calm things down in the House. I really appreciate all of the passion and conviction of my colleague opposite. I would like to come back to something essential. The Canada emergency business account, or CEBA, has repayment terms that force businesses to pay back the subsidies they got during the pandemic. The deadline is coming up. In my riding, there are a lot of SMEs that are on the verge of bankruptcy and shutdown because they are required to repay this amount when they are not ready or able to do so in the current economic context. Does my colleague not agree that the deadline to pay back the CEBA should be extended or that, given the circumstances, every business should have the opportunity to come up with a plan with the government to pay back the money when they can without losing the subsidy?
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