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Decentralized Democracy

House Hansard - 260

44th Parl. 1st Sess.
December 1, 2023 10:00AM
Context: House Hansard - 260 - Dec/1/23
Mr. Alistair MacGregor (Cowichan—Malahat—Langford, NDP)
  • Dec/1/23 11:14:24 a.m.
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Madam Speaker, CEBA loans saved hundreds of thousands of businesses and millions of jobs across Canada during the pandemic, but recovery has been slow. I received messages from two businesses in my riding: the Ginger Room hair salon, managed by Nicole Doyle, with eight employees; and the Fish Bowl Cafe, managed by Jessica Fetchko, with nine employees. At this time of hardship, one is struggling with lower sales and the other with higher costs. Both are extremely worried about their ability to pay back their CEBA loans and are having to choose between cutting staff hours and very high interest loans. In response, the Liberals only extended the repayment deadline by 18 days. Why is this Liberal government so inflexible on this simple request, and why is it choosing to put the small businesses in my riding in danger at such a tough time for our communities? On behalf of the many small businesses in my riding of Cowichan—Malahat—Langford, I call on this Liberal government to extend the CEBA loan repayment deadline. There is still time to do the right thing.
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Context: House Hansard - 260 - Dec/1/23
Hon. Marie-Claude Bibeau (Minister of National Revenue, Lib.)
  • Dec/1/23 11:39:00 a.m.
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Madam Speaker, let us be clear. Plan A: the business owner has the money, repays the CEBA and gets some loan forgiveness. Plan B: the business owner has the capacity to take out a loan, repays the CEBA and gets some loan forgiveness. Plan C: the business owner does not have the capacity to take out a loan, stays with us for another three years and has to pay the minimum, which is 5% interest, or $250 a month at most. That is not going to bankrupt anyone.
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