House of Commons photoWon her last election, in 2021, with 62% of the vote.
Income Tax Act November 5th, 2020
Madam Chair, that is what the legislation is about. It is about keeping the work, continuing the work and building on what we need to do to help businesses with those fixed costs and help them with the wage subsidy. When I see some of these businesses that are so resilient, they have pivoted because of being able to get a—
Income Tax Act November 5th, 2020
Madam Chair, I want to thank the hon. member for her advocacy and her hard work, particularly for her community and so many of the incredible businesses there. I know how much she cares and how hard she works for them.
The broad-based emergency supports are there to help our businesses, but remember that the fight we are fighting right now is the COVID-19 fight.
Income Tax Act November 5th, 2020
Madam Chair, for those businesses that are so terribly hard hit, we absolutely want to see them supported through this very difficult time of COVID-19, and we are going to need to keep working together on this.
Income Tax Act November 5th, 2020
Madam Chair, I want to thank the hon. member for that question and for his great advocacy for small business owners, particularly for those farmers who operate on a personal account. We announced, and of course it is being made available, the CEBA loan for those very business owners who operate on a personal account.
Income Tax Act November 5th, 2020
Madam Chair, our commitment is to make sure those businesses are supported with that liquidity.
Income Tax Act November 5th, 2020
Madam Chair, this is where I am very happy to talk about the Canada emergency business account, which is interest-free: $40,000 is now going up to $60,000. Of that, $20,000 is forgivable, and it is interest-free.
Income Tax Act November 5th, 2020
Madam Chair, we have provided a wide range of supports, from the CEBA loan to the wage subsidy as well as this commercial rent subsidy for businesses. It is a wide range of program supports that we are providing Canada's entrepreneurs and businesses.
Income Tax Act November 5th, 2020
Madam Chair, absolutely, I agree with the member that businesses need this predictability. This is why we have this legislation here. What businesses can rely on is that there will be support all the way until June, and—
Income Tax Act November 5th, 2020
Madam Chair, we have provided a range of program supports for businesses, and the regional development office in Quebec, CED-Q, provides additional support for those businesses that may not have access to the other programs that we have.
Income Tax Act November 5th, 2020
Madam Chair, it is really important that we provide support to all Canadian small and medium-sized businesses, and that is what tonight's legislation is about. We committed to helping them with payroll costs, with fixed costs like rent, and with that important lending support so that they could get by and manage their businesses during this time.