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House Hansard - 242

44th Parl. 1st Sess.
October 30, 2023 11:00AM
Context: House Hansard - 242 - Oct/30/23
Hon. Marie-Claude Bibeau (Minister of National Revenue, Lib.)
  • Oct/30/23 2:29:24 p.m.
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Mr. Speaker, we set up the Canada emergency business account to help businesses and organizations during the pandemic. We extended the forgivable deadline by one year, postponing it from 2022 to 2023. We postponed it by a few more weeks to give businesses time to make adjustments and continue to benefit from this forgivable portion. Loans will not be called in this January. Members must not scare organizations and businesses unnecessarily.
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Context: House Hansard - 242 - Oct/30/23
Hon. Marie-Claude Bibeau (Minister of National Revenue, Lib.)
  • Oct/30/23 2:42:36 p.m.
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Mr. Speaker, the Canada emergency business account was offered during the COVID-19 pandemic. This was an interest-free loan for a term of two years or more, depending on the date, a portion of which can be partially forgivable as long as repayment is made in a timely manner. The loan can also be extended without the need for immediate repayment at the start of next year, and can be extended again until 2026.
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Context: House Hansard - 242 - Oct/30/23
Hon. Marie-Claude Bibeau (Minister of National Revenue, Lib.)
  • Oct/30/23 3:06:32 p.m.
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Mr. Speaker, the Canada Revenue Agency shares it expertise and knowledge with many developing countries in different ways. We support the Tax Inspectors Without Borders initiative by making our experienced tax examiners available. We welcome technical missions, such as those from Ghana and Ivory Coast that will come visit us at the end of the year, and we participate in two forums by the Organisation for Economic Co-operation and Development. What is more, the commissioner presides over one of these forums.
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