This bill was last introduced in the 43rd Parliament, 2nd Session, which ended in August 2021.
Chrystia Freeland Liberal
This bill has received Royal Assent and is now law.
This is from the published bill.
This enactment amends the Income Tax Act to revise the eligibility criteria, as well as the level of subsidization, under the Canada Emergency Wage Subsidy (CEWS) as part of the response to the coronavirus disease 2019. It also extends the CEWS to June 30, 2021. The enactment further amends the Income Tax Act to introduce the Canada Emergency Rent Subsidy (CERS) in order to support those hardest hit by the coronavirus disease 2019. This subsidy provides relief in respect of rent and interest on debt obligations incurred to acquire real property used by businesses, charities and not-for-profit organizations in the course of their businesses or other activities. The rent subsidy is effective as of September 27, 2020.
All sorts of information on this bill is available at LEGISinfo, an excellent resource from the Library of Parliament. You can also read the full text of the bill.
Mary Ng Liberal Markham—Thornhill, ON
Madam Chair, today's legislation is about helping businesses continue to pay for payroll and to pay for that important fixed cost, including that lockdown support.
James Cumming Conservative Edmonton Centre, AB
Madam Chair, did the minister consult the provinces on a design of this new program?
Income Tax ActGovernment Orders
November 5th, 2020 / 9:45 p.m.
University—Rosedale Ontario
Liberal
Chrystia Freeland LiberalDeputy Prime Minister and Minister of Finance
Madam Chair, I am delighted to say that I had many conversations with provincial and territorial ministers of finance about this program and their comments were—
James Cumming Conservative Edmonton Centre, AB
Madam Chair, in designing this program, why did the minister select June 21 as the extension date?
Chrystia Freeland Liberal University—Rosedale, ON
Madam Chair, that is the date that is the extension date for the wage subsidy and it is important for the two programs—
James Cumming Conservative Edmonton Centre, AB
Madam Chair, does the minister expect the economy to be fully open by June 21?
Chrystia Freeland Liberal University—Rosedale, ON
Madam Chair, what I expect is that Canadian businesses and Canadians can now rest easy knowing we have programs in place until then.
James Cumming Conservative Edmonton Centre, AB
Madam Chair, would the minister agree that the private sector has taken the initiative through rapid testing, particularly in travel agencies doing some test cases, and that program should be expanded so that we can get people back to work?
Chrystia Freeland Liberal University—Rosedale, ON
Madam Chair, I have huge respect for the private sector and I am so thrilled that so many Canadians are back at work, that 76% of Canadian jobs are back. I am grateful for all—
James Cumming Conservative Edmonton Centre, AB
Madam Chair, will the minister consider, instead of doing an economic update, doing a full budget this fall?
Chrystia Freeland Liberal University—Rosedale, ON
Madam Chair, we have been clear. We committed in the Speech from the Throne to do a fall economic update and that is what we are going to do.
James Cumming Conservative Edmonton Centre, AB
Madam Chair, would the minister agree that increased exports are needed to increase revenue, given the debt that we are loading and that should be a critical component of any fiscal plan?
