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Decentralized Democracy

House Hansard - 247

44th Parl. 1st Sess.
November 6, 2023 11:00AM
Context: House Hansard - 247 - Nov/6/23
Mr. Rhéal Éloi Fortin (Rivière-du-Nord, BQ)
  • Nov/6/23 2:57:11 p.m.
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Mr. Speaker, more than 221,000 SMEs could go bankrupt if the federal government does not extend the deadlines for them to repay CEBA loans without losing subsidies. We are not talking about billion-dollar multinationals here. These are small businesses that contribute to the vitality of each of our regions. In my constituency of Rivière-du-Nord, 213 SMEs have alerted the Canadian Federation of Independent Business that they are in danger of going bankrupt. When will the minister finally offer businesses the extension they are asking for and stop a wave of bankruptcies that she will have on her conscience?
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Context: House Hansard - 247 - Nov/6/23
Mr. René Villemure (Trois-Rivières, BQ)
  • Nov/6/23 2:58:36 p.m.
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Mr. Speaker, it is even worse in Trois-Rivières. There are 288 SMEs there that have said they will go bankrupt if the federal government does not defer payment of the CEBA loans for a year without them losing any subsidies. That would mean 288 bankrupt businesses. Imagine the number of job losses that would represent. The minister must not allow this to happen through her failure to act. Does she know how many bankruptcies are likely to occur in her region? How can she possibly explain to these business owners that she is going to abandon them instead of offering them the one-year deferral they are asking for?
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