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Decentralized Democracy

House Hansard - 240

44th Parl. 1st Sess.
October 26, 2023 10:00AM
Context: House Hansard - 240 - Oct/26/23
Ms. Nathalie Sinclair-Desgagné (Terrebonne, BQ)
  • Oct/26/23 2:42:13 p.m.
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Mr. Speaker, 250,000 businesses could go bankrupt as early as 2024 if the government does not take action. The premier of Quebec and all the provincial and territorial premiers issued a warning to that effect on Friday. They are all calling on the federal government to extend the CEBA loan repayment deadline by one year, without the loss of the subsidy portion of the loan. They joined their voices with that of the Quebec National Assembly, which is also unanimous. All of the premiers are calling for this. All of the Quebec MNAs are calling for this. Will the government finally listen to them instead of forcing 250,000 businesses into bankruptcy?
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Context: House Hansard - 240 - Oct/26/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Oct/26/23 2:42:52 p.m.
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Mr. Speaker, I thank my colleague for her question. Our government understands that small businesses are still trying to recover from the pandemic. That is why we recently announced a one-year extension of the repayment deadline, more refinancing flexibility and more time to access loan forgiveness. We have also increased the Canada child benefit and implemented a $10-a-day child care plan, which has enabled more women to enter the labour market.
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Context: House Hansard - 240 - Oct/26/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Oct/26/23 2:44:14 p.m.
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Mr. Speaker, we continue to be there for small businesses. We gave small businesses an extension from last year to this year. Because they asked for more help, we are offering them more flexibility when it comes to refinancing, more time to qualify for loan forgiveness, and a one-year extension of the repayment deadline for their Canada emergency business account loan. I thank my hon. Bloc Québécois colleagues who continue to share excellent comments and ideas to support small business.
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