Mr. Speaker, we understand the struggles that many small business owners had during the pandemic and that many continue to face. That is why we have offered 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.
In the House of Commons on October 19th, 2023. See this statement in context.