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Income Tax Act November 5th, 2020
Madam Chair, I am thrilled to have met with a number of female business owners in Quebec who have been able to take advantage of the emergency supports that we have had. The CEBA loan, which is a small-business loan, helps give businesses that additional flexibility and working capital to help bridge through expenses like the ones the member just talked about.
Income Tax Act November 5th, 2020
Madam Chair, I appreciate that important question. That is exactly why we are here tonight: to debate this important piece of legislation to give those businesses the help that they need for those important fixed costs like rent, in addition to the lockdown support that businesses will need in an effort to fight COVID-19.
Income Tax Act November 5th, 2020
Madam Chair, right from the very beginning, our commitment was to ensure that we keep Canadians safe from COVID and—
Income Tax Act November 5th, 2020
Madam Chair, right from the very beginning, we wanted to support those farming businesses. I am happy to look into this, and into this specific case.
Of course businesses that meet the $40,000 non-deferrable expense will get access to CEBA.
Income Tax Act November 5th, 2020
Madam Chair, to the hon. member, this is exactly why we announced the expanded CanExport program and why, in the other room right now, I had a virtual trade—
Income Tax Act November 5th, 2020
Madam Chair, today's legislation is about helping businesses continue to pay for payroll and to pay for that important fixed cost, including that lockdown support.
Income Tax Act November 5th, 2020
Madam Chair, every small business that is eligible should apply to this program.
Income Tax Act November 5th, 2020
Madam Chair, it was wonderful to work with you as the critic. I think you will agree with me that what we have here as legislation really is responsive to those businesses—
Income Tax Act November 5th, 2020
Mr. Chair, we have put a range of programs out to help small businesses. Those emergency measures are helping businesses keep their people on payroll and helping pay for those fixed costs that are so important to keeping their businesses alive. The small business loan is giving them some additional liquidity to bridge them through to better times beyond COVID-19. This program is in direct response to those businesses that want access to these important fixed costs directly. I am really pleased to be debating this legislation tonight.
COVID-19 Emergency Response November 3rd, 2020
Mr. Speaker, I thank the hon. member for Alfred-Pellan for his question, which is important for Laval business owners.
I am pleased to announce that the program is now open to businesses that operate with a personal bank account. This will help more businesses in Laval and across Canada with their fixed costs. Our government will always be there for SMEs in Quebec and across the country.