Lianne Rood at the Agriculture and Agri-Food Committee

On June 19th, 2023. See this statement in context.

June 19th, 2023 / 6:40 p.m.

Conservative

Lianne Rood Conservative Lambton—Kent—Middlesex, ON

Thank you, Chair.

Thank you, witnesses, for being here today and for your testimony.

Mr. Wiseman, I have a question for you to start off with.

In this legislation, Bill C-280, the provision would not come into effect until after 30 days of not being paid, and 35 to 40 days is when most banks would say that the debt is bad and will refuse to finance against such debt. Payments in arrears are often strung out and made partially for much longer than that. Do you believe this legislation would affect the financing of receivables?

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