Feds: Extend the CEBA Deadline and Save Small Business!

 

To the Legislative Assembly of Ontario:

Whereas the Canada Emergency Business Account (CEBA) was a financial lifeline during the pandemic that kept small solvent and enabled them to pay their rent while keeping staff employed. 

Whereas after a long wait, the federal government announced a woefully inadequate 18-day extension on the forgivable loan deadline, from December 31, 2023 to January 18, 2024.

Whereas all ten Canadian provinces have called on Prime Minister Justin Trudeau to extend the CEBA repayment deadline until December 2024.

We, the undersigned, petition the Legislative Assembly of Ontario to sustain political pressure on the Federal government to extend the CEBA forgivable loan deadline until December 2024 and support small businesses with bridge financing programs if the Federal government fails to extend the deadline.

Will you sign?

Join MPP Kristyn Wong-Tam, small business owners, and advocates in calling on the Federal government to fix the Canada Emergency Business Account (CEBA) program and extend the deadline for the forgivable portion. The deadline is currently January 18th, just days away. 

During the height of the pandemic, CEBA was a lifeline for small businesses. CEBA allowed small businesses to stay solvent, pay their rent, and keep their staff employed. Now small businesses are being asked to repay those loans despite many of their businesses not rebounding to pre-pandemic levels. This is unfair and will result in the closure of many beloved small businesses. 

Sign the petition to support small businesses! 

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Toronto Centre NDP

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