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Decentralized Democracy

Minister of Small Business

Hon. Rechie Valdez

  • Member of Parliament
  • Minister of Small Business
  • Liberal
  • Mississauga—Streetsville
  • Ontario
  • Voting Attendance: 67%
  • Expenses Last Quarter: $101,328.92

  • Government Page
Context: House Hansard - 270 - Jan/29/24
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Jan/29/24 2:58:22 p.m.
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Mr. Speaker, we know that small businesses are still going through a tough time. They still have nearly three years to pay back their CEBA loan. We extended the term loan repayment deadline to ensure that small businesses can focus on their post-pandemic recovery. We are also cutting taxes for growing small businesses and lowering credit card fees up to a quarter.
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Context: House Hansard - 252 - Nov/21/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Nov/21/23 2:54:21 p.m.
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Mr. Speaker, we know times were tough and are still tough for small businesses. If they are unable to repay by January 18, they still have a full three years to repay their CEBA loan. We extended the term loan repayment deadline to make sure that small businesses are able to focus on navigating pandemic recovery. We are also cutting taxes for growing small businesses and lowering credit card fees by up to a quarter. We will always be there for small businesses. That will never change.
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Context: House Hansard - 251 - Nov/20/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Nov/20/23 2:29:39 p.m.
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Mr. Speaker, small businesses asked for our help. That is why our government extended the deadline for forgiveness to January 18, 2024. We also announced the extension of the deadline for term loan repayment by one year, to the end of 2026. Our government will always be there for small businesses.
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Context: House Hansard - 250 - Nov/9/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Nov/9/23 2:45:30 p.m.
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Mr. Speaker, I can reassure my colleagues that we are here for small businesses. We have already given small businesses an extra year to access the forgivable part of the loan. They asked for more help, so we gave them more flexibility to refinance, more time to access loan forgiveness and a one-year extension of the repayment deadline.
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Context: House Hansard - 248 - Nov/7/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Nov/7/23 3:03:35 p.m.
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Mr. Speaker, I would like to inform my hon. colleague that nearly 900,000 small businesses benefited from the CEBA. That is why we recently announced a one-year extension on the term loan repayment deadline, more flexibility on refinancing and more time to access loan forgiveness. We also increased the Canada child benefit and implemented $10-a-day child care, thus enabling more women than ever to enter the workforce.
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Context: House Hansard - 247 - Nov/6/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Nov/6/23 2:57:50 p.m.
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Mr. Speaker, we have already given small businesses an extra year to qualify for the forgivable portion of the loan. Since they asked for more help, we are offering them more flexibility on refinancing, more time to access loan forgiveness and a one-year extension on the repayment deadline. We are always there for our small businesses, unlike the Conservative leader, who wants to take us back to the Stone Age.
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Context: House Hansard - 246 - Nov/3/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Nov/3/23 11:47:09 a.m.
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Madam Speaker, I thank the hon. member for that question. That is why we are offering additional flexibilities for small businesses to repay their CEBA loans. This includes a full one-year extension on the term loan repayment deadline, more flexibility on refinancing and more time to access loan forgiveness, which is both balanced and fiscally responsible. We know times are tough, which is why our government is also cutting taxes for growing small businesses and lowering their credit card fees by up to a quarter. We will continue to listen to small businesses, and we will be there for all Canadians.
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Context: House Hansard - 244 - Nov/1/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Nov/1/23 3:10:25 p.m.
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Mr. Speaker, our government understands that small businesses are still trying to recover from the pandemic. That is why we recently announced a one-year repayment extension, more refinancing flexibility and more time to access loan forgiveness. This is in addition to our increase in the Canada child benefit and $10-a-day child care, which has enabled more women to enter the workforce than ever before.
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Context: House Hansard - 242 - Oct/30/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Oct/30/23 2:43:54 p.m.
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Mr. Speaker, we will continue to be there for small businesses. We extended the deadline for small businesses from last year to this year. Since they asked for more assistance, we are giving them more refinancing flexibility. We are giving them more time to access the loan forgiveness and a one-year extension of the CEBA loan repayment deadline.
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Context: House Hansard - 242 - Oct/30/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Oct/30/23 2:28:05 p.m.
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Mr. Speaker, our government is listening to small businesses. The first deadline to qualify for forgiveness was the end of 2022. Small businesses asked for our help. That is why our government extended the forgiveness repayment deadline to January 18, 2024. We also announced a full one-year extension of the term loan repayment date until the end of 2026. Our government is always there for small businesses.
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Context: House Hansard - 240 - Oct/26/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Oct/26/23 2:44:14 p.m.
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Mr. Speaker, we continue to be there for small businesses. We gave small businesses an extension from last year to this year. Because they asked for more help, we are offering them more flexibility when it comes to refinancing, more time to qualify for loan forgiveness, and a one-year extension of the repayment deadline for their Canada emergency business account loan. I thank my hon. Bloc Québécois colleagues who continue to share excellent comments and ideas to support small business.
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Context: House Hansard - 240 - Oct/26/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Oct/26/23 2:42:52 p.m.
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Mr. Speaker, I thank my colleague for her question. Our government understands that small businesses are still trying to recover from the pandemic. That is why we recently announced a one-year extension of the repayment deadline, more refinancing flexibility and more time to access loan forgiveness. We have also increased the Canada child benefit and implemented a $10-a-day child care plan, which has enabled more women to enter the labour market.
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Context: House Hansard - 238 - Oct/24/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Oct/24/23 2:41:35 p.m.
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Mr. Speaker, we are offering additional flexibility to small businesses in repaying their Canada emergency business account loans. This includes a full one-year extension of the term loan repayment deadline, more refinancing flexibility and more time to access the loan forgiveness, which is both a balanced and fiscally responsible approach. The Bloc Québécois did not vote to lower credit card fees. We are always prepared to work with the Bloc Québécois, because our main objective is to help small businesses across the country.
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Context: House Hansard - 237 - Oct/23/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Oct/23/23 2:27:29 p.m.
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Mr. Speaker, we are offering additional flexibilities for small businesses to repay their CEBA loans. They include a full one-year extension on the term loan repayment deadline, more flexibility on refinancing and more time to access loan forgiveness, which is both a balanced and fiscally responsible approach. We will continue to listen to small businesses across the country.
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Context: House Hansard - 221 - Sep/20/23
Hon. Rechie Valdez (Minister of Small Business, Lib.)
  • Sep/20/23 3:12:15 p.m.
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Mr. Speaker, I was also a small business owner during the pandemic, and I really understand the struggles many continue to face. That is why we are offering additional flexibilities for small businesses to repay their CEBA loans, which are both balanced and fiscally responsible. This includes a full one-year extension on the repayment deadline, more flexibility on refinancing and more time to access the loan forgiveness. We will keep listening to small businesses across the country, and that includes all Canadians.
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