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House Hansard - 294

44th Parl. 1st Sess.
March 22, 2024 10:00AM
Context: House Hansard - 294 - Mar/22/24
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.)
  • Mar/22/24 11:56:10 a.m.
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Madam Speaker, 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. We recently finalized an agreement to cut credit card fees by up to 27%, which will save small businesses across Canada $1 billion.
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Context: House Hansard - 294 - Mar/22/24
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.)
  • Mar/22/24 11:57:16 a.m.
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Madam Speaker, 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 interest rates as low as 5%. Meanwhile we are investing in communities in order to strengthen our economy. Earlier this month we announced $2.5 million in federal funding to enhance the indigenous women's entrepreneur program and create an indigenous youth entrepreneurship program.
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