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House Hansard - 274

44th Parl. 1st Sess.
February 2, 2024 10:00AM
Context: House Hansard - 274 - Feb/2/24
Hon. Marie-Claude Bibeau (Minister of National Revenue, Lib.)
  • Feb/2/24 11:36:54 a.m.
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Madam Speaker, once again, we are there to support SMEs in a number of ways. Yes, the emergency business account was very important during COVID-19. We extended the $60,000 loan with a forgivable portion. Up to 80% of people have already paid it back. There are still measures in place for repayment over three years. The minimum payable amount is the 5% interest, which translates into $250 a month. There is a whole range of measures. I would remind members that if we had not offered the wage subsidy, many businesses would not be here today, but thanks to us, they survived.
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