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Decentralized Democracy

House Hansard - 248

44th Parl. 1st Sess.
November 7, 2023 10:00AM
Context: House Hansard - 248 - Nov/7/23
Mrs. Caroline Desbiens (Beauport—Côte-de-Beaupré—Île d'Orléans—Charlevoix, BQ)
  • Nov/7/23 3:02:54 p.m.
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Mr. Speaker, the situation in Beauport—Côte-de-Beaupré—Île d'Orléans—Charlevoix is very serious. In my riding, 142 SMEs have announced that they will go bankrupt if the federal government does not extend the repayment deadline for CEBA loans by one year without the loss of the forgivable portion of the loan. The situation is the same in the entire national capital region. Our SMEs need more time. While the Liberals are asleep at the wheel and the Conservatives are defending oil companies, our small and medium-sized businesses are on the verge of bankruptcy. When will the government finally give them the one-year extension they so desperately need?
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Context: House Hansard - 248 - Nov/7/23
Mrs. Julie Vignola (Beauport—Limoilou, BQ)
  • Nov/7/23 3:04:20 p.m.
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Mr. Speaker, a wave of bankruptcies is coming for our SMEs if the federal government does not defer repayment of the Canada emergency business account without the loss of any subsidies. According to the Canadian Association of Insolvency and Restructuring Professionals, more companies filed for insolvency in the last quarter than in the previous 10 years. In Beauport—Limoilou alone, 154 businesses have said they are at risk of bankruptcy. How can the Liberals sacrifice everything they have, when all these companies are asking for is a one-year deferral, not 18 days?
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