Thank you, Mr. Chair.
My question is for Daniel Kelly, of the CFIB.
Mr. Kelly, my question is about something you said in your presentation, at the beginning of the meeting. I'm talking about the government's announcement a few weeks ago regarding the repayment of CEBA loans. If I'm not mistaken, you said 55,000 small and medium-size businesses were affected. The government announced that the $10,000 to $20,000 forgivable portion of the loan would no longer be forgivable. That really worries me.
I don't yet have a clear understanding of what's behind the move. It seems that the government told financial institutions at the outset to be generous and grant the loans to a large number of businesses, but that the government is now going back on its decision. A business with revenue above or below the established thresholds will no longer be eligible for loan forgiveness. On top of that, I gather that, if the government or the financial institution lost any of the paperwork, the business would not have access to loan forgiveness, with no way to appeal.
Would you mind explaining that again? Could you also tell us what the government should do?