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Decentralized Democracy

House Hansard - 258

44th Parl. 1st Sess.
November 29, 2023 02:00PM
Context: House Hansard - 258 - Nov/29/23
Mr. Kevin Lamoureux (Parliamentary Secretary to the Leader of the Government in the House of Commons, Lib.)
  • Nov/29/23 7:45:04 p.m.
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Madam Speaker, what I would like to do is reinforce exactly what the minister said to the member not that long ago with respect to the CEBA loan deadline: That is why we are offering additional flexibilities for small businesses to repay their CEBA loans. This includes a full one-year extension on the term loan repayment deadline, more flexibility on refinancing and more time to access loan forgiveness, which is both balanced and fiscally responsible.... We know times are tough, which is why our government is also cutting taxes for growing small businesses and lowering their credit card fees by up to a quarter. We will continue to listen to small businesses, and we will be there for all Canadians. If I may, I would like to pick up on the issue of continuing to be there for small businesses, because I think it is important to recognize that the government, over the last number of years, even prepandemic, was there to support small businesses in different ways. One that stands out to me offhand is the small business tax reduction that was given, a substantial tax reduction in order to support small businesses. When we went into the pandemic, what we saw in a very real and tangible way was direct financial support put into the tills of small businesses and into the pockets of small business owners. We saw that in different forms, whether indirectly through wage subsidies for workers, or through rent support or the small business loans. We are talking about billions of dollars. We made it very clear at the beginning of the pandemic that the government would be there to support small businesses, because we recognize the valuable role they play in modern society here in Canada. They are the backbone of our economy, and the potential is absolutely overwhelming. That is why, from giving the tax break and the supports during the pandemic to being able to extend where we can in a fiscally responsible fashion, we are doing that. I have had the opportunity to visit many small businesses, and one thing I am happy to see is the many programs we put into place to assist them. I constantly get reminded how the government supports have been there and have allowed a business, or even a community non-profit group, to be able to survive; it is because the government was there to have its back. Nothing has really changed. We will continue to be there to support small businesses today and into the future. One needs to look at the fall economic statement, and there are a number of things we can do, whether directly or indirectly. I often say that one of the best things we can do indirectly is to ensure that there is disposable income for Canadians. We do that through different forms of rebates, such as the GST rebate, or through the enhancement of social programs to ensure that seniors or people with a disability have more disposable income. All of that indirectly allows people to support small businesses. In fact, on a personal note, I am sending out my next householder, encouraging people to get out there and use the small businesses in our community. I think we all have an important role.
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