Mr. Speaker, the CEBA program provided unprecedented support to nearly 900,000 small businesses, totalling over $49 billion of financial support. Last year, the government extended the forgiveness qualification deadline by one year to the end of this year. We travelled this country, listening to businesses that asked for more flexible repayment options and time. That is why we recently announced a full one-year extension on the term loan repayment deadline to the end of 2026.
In the House of Commons on September 25th, 2023. See this statement in context.