SoVote

Decentralized Democracy

House Hansard - 308

44th Parl. 1st Sess.
May 3, 2024 10:00AM
Context: House Hansard - 308 - May/3/24
Mr. Bryan May (Parliamentary Secretary to the Minister of Small Business and to the Minister responsible for the Federal Economic Development Agency for Southern Ontario, Lib.)
  • May/3/24 12:01:08 p.m.
  • Watch
Mr. Speaker, I want to thank the member for her continued advocacy for small businesses in Canada. We share that view. That is why the CEBA program supported over 900,000 small businesses through the pandemic, and we estimate that 80% of them have repaid their loans so far. As we move away from the pandemic, we are taking serious concrete action to support small businesses, both by providing funding and by cutting costs. I am getting heckled, of course, by the Conservatives, who voted against every single measure that we have put forward since 2015 to support small businesses.
100 words
  • Hear!
  • Rabble!
  • star_border
Context: House Hansard - 308 - May/3/24
Mr. Bryan May (Parliamentary Secretary to the Minister of Small Business and to the Minister responsible for the Federal Economic Development Agency for Southern Ontario, Lib.)
  • May/3/24 12:02:20 p.m.
  • Watch
Mr. Speaker, I answered that question in the previous answer, and nearly 80% of small businesses have actually already paid back their CEBA loans. As we move forward from the pandemic, small businesses have nearly three years, until the end of 2026, to repay their CEBA loans, and they have access to a low interest rate of 5%. Meanwhile, we are investing in communities and strengthening our economy. Budget 2024 has a number of supports for small businesses, whether it is through supporting start-ups with quantum AI. I am looking forward to more to come to speak to—
100 words
  • Hear!
  • Rabble!
  • star_border