Thank you, Mr. Lemire.
To answer some of the questions asked earlier, I'll say that, at this point, the provinces don't have strong and robust measures to help the tourism industry. This is a major issue. The most structuring measure is the Canada emergency wage subsidy.
The other critical issue is cash flow. In Quebec, there was an effort to determine the best existing programs to address the cash flow issue in the tourism industry across the country.
We've spoken with Ms. Bell and the Hotel Association of Canada. The current RRRF doesn't ensure access to funding for businesses that are important and structuring for our economy. Yet these businesses will create wealth and maintain jobs across the country when the time comes for recovery.
We're requesting a review of this program to make it more flexible and better adapted to the real needs of all tourism businesses in Canada and businesses with a turnover of over $5 million. We're asking for access to cash flow quickly and at an affordable cost.
We spoke earlier about issues with banks. Businesses can't carry too much debt. What we're asking for already exists at the federal level. We're asking for a subordinated loan. If the businesses recover faster than others and can repay the loan before December 31, 2022, as set out in the current program, there needs to be a moratorium on the capital and interest and the non-repayable portion must be between 25% and 50%.
Access to cash flow is a critical and important issue.