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House Hansard - 241

44th Parl. 1st Sess.
October 27, 2023 10:00AM
Context: House Hansard - 241 - Oct/27/23
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.)
  • Oct/27/23 11:38:49 a.m.
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Mr. Speaker, I would like to thank the member opposite for her continuous advocacy for small businesses across Canada. The CEBA program provided unprecedented support to nearly 900,000 small businesses to help them keep their doors open and keep the lights on. Last year, our government extended the forgiveness qualification deadline by one year, to the end of this year. We know times are still tough for small businesses. That is why we recently announced a full one-year extension on the term loan repayment. We will continue to be there for small businesses throughout Canada.
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Context: House Hansard - 241 - Oct/27/23
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.)
  • Oct/27/23 11:40:08 a.m.
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Mr. Speaker, the bottom line is that we have been listening to business owners across the country. If someone is a small business owner and does not currently have the funds to repay their CEBA loan, they now have three years to repay it in full. The additional flexibility that we announced is significant support for small business owners who might still be struggling to make ends meet. The CEBA program delivered more than $49 billion to nearly 900,000 small business owners. We are going to support small business owners as we all recover from the pandemic.
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