Conservatives Propose to Fast-Track Small Business Wage Subsidy

April 13, 2020 – Conservative Shadow Minister for Small Business and Export Promotion, James Cumming, and Conservative Shadow Minister for Finance, Pierre Poilievre, today announced a practical solution to fast-track rescue aid to small businesses.

The government’s wage subsidy program became law Saturday and the Canada Revenue Agency will only deposit the cash in small business bank accounts in four weeks, well after many will go bankrupt. This means that many businesses will only get their March wage subsidy in May. The United States already paid out 220,000 small business loans and wages subsidies weeks ago.

With a simple fix, small businesses could get the wage money next week. Here’s how:

Let small businesses get their wage subsidy from banks and credit unions next week. Lift the $40,000 limit on the government-backed interest-free Canada Emergency Business Account that banks and credit unions are now delivering, so businesses can borrow the wage subsidy now and pay it back once the Canada Revenue Agency finally deposits it in their accounts in four weeks.

For example: Joe’s business is out of cash because to the COVID-19 shut down. He has work for employees but no cash for wages. The $40,000 Emergency Business Account is only enough to pay his mortgage and suppliers, so there is nothing left for workers. He cannot wait another four weeks.

Solution: the government allows his credit union to front him wage money now to keep his employees working. Joe pays back the credit union when CRA deposits his wage subsidy in four weeks.

Businessman and MP James Cumming, who developed the idea said: “It has been almost a month since the Canadian economy shut down, and businesses have not received a single penny in rescue assistance. Only last week, they were able to begin applying for the small business emergency bank account. Small business owners cannot wait an additional four-weeks for wage subsidy cheques to arrive. Our Conservative proposal gets wages flowing now.”

Poilievre agreed: “There is no more time. Workers need wages and entrepreneurs need cash now. Conservatives have a simple, practical plan to get it to them. Our message to Minister Morneau: ‘do it now.’”

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4 hours ago
David Sweet, M.P.

Over the last 15 years, I have had the absolute honour and privilege to serve our community as your Federal Member of Parliament — a duty I will continue to do until the next Federal election.

This duty is not one that I have ever taken lightly and baring that in mind, I would like to thank each and every one of you for allowing me to do so. Thank you to all those who volunteered, donated and voted for me — without your contributions, I never would have had this life changing opportunity.

I love Canada, our democracy and the way of life we are so grateful to enjoy — fought and won by those Canadians brave enough to stand up in battle. I am proud to have been able to not only serve you, my constituents, but all Canadians and future Canadians. God bless!
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Thank you for your service David, you will be missed

Thank you for advocating for us and your service to our country 🇨🇦 You will be missed. Blessings on your next chapter!

You will be missed! You have been our MP for a long time. I have, over the years, reached out to your office and was treated with respect every time!

Congratulations David on a great career in Parliament. You survived the lions' den! Best to you and your family in the next chapter.

I am so very honoured to have been a part of Team Sweet...an experience I will never forget. Thank you, David, for advocating for all of us. You have truly run a great race!

God Bless you David

Thank you Sir.

David. Our country is richer because of you. You, because of the great work that you have done, are a part our future and you will shine in our history.

You're great David, I looked up to you except for your support for O'Toole, you're one of the best!

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5 days ago
David Sweet, M.P.

Celebrate July 1st with your very own Canada Day Lawn Sign. Provided free of charge and delivered right to your house by our dedicated team of volunteers.

If you would like to order a small sign* for your lawn you can let us know one of the following ways:

1) Fill out our form at: forms.gle/MwG6PbnVsUFwtM1f6

2) Email us back at david.sweet@parl.gc.ca

3) Call David's office at 905-648-3850 and leave a message

*Large signs not available
... See MoreSee Less

Celebrate July 1st with your very own Canada Day Lawn Sign. Provided free of charge and delivered right to your house by our dedicated team of volunteers.

If you would like to order a small sign* for your lawn you can let us know one of the following ways:

1) Fill out our form at: https://forms.gle/MwG6PbnVsUFwtM1f6

2) Email us back at david.sweet@parl.gc.ca

3) Call Davids office at 905-648-3850 and leave a message

*Large signs not available

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I prefer my Canadian End The Lockdowns sign better. More patriotic

Can I have a bunch for St Elizabeth's village. If I have one everybody will be bugging me as to where I got it.

I thought he wasn’t running again?

What party does he represent?

This is thoughtful what with all the deaths and suffering continuing due to vaccine damage, why not?

Lost Candian Pride. Happy? far from it Corrupt Government makes only them Happy and look at his smile.

Propaganda

I have my no more lockdowns sign taking up space until Canada escapes government tyranny.

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6 days ago
David Sweet, M.P.

Residents of Flamborough-Glanbrook know well how misleading business practices by telecommunications companies result in significantly lower speeds than promised. This Bill introduced by my colleagues in Parliament will go a long way towards addressing this issue! ... See MoreSee Less

1 week ago
David Sweet, M.P.

Our deepest sympathies go to the family of the victims, their friends, the Muslim community of London and all Muslims across Canada. No words are sufficient to even scratch the surface of the pain this hateful act of racism has inflicted on this innocent family and their friends.

We pray that the young boy and sole survivor is surrounded by love and strength. We must do better and we must do all we can to eliminate all forms of hate.
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1 week ago
David Sweet, M.P.

Today I spoke on the Mental Health struggles Canadians are enduring during the ill-advised lockdowns in our country’s provinces – the worst of which is right here in Ontario. The social isolation endured by Canadians has driven people to eating disorders, self-harm, and contemplation of dark thoughts. Hamilton Health Sciences a month ago reported youth suicide attempts had increased threefold during lockdowns.

With all this devastation the Liberal government’s answer to increased healthcare requests from the provinces was NO. At a time when mental health struggles are so significant Canadians have been sorely let down by their leadership when they deserve better.
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Thank you David Sweet, M.P. What our children and youth have had to needlessly struggle with is appalling, and they certainly deserve better. Thank you for speaking out for those that are vulnerable and often voiceless! 😢

Don't worry -they will soon be replaced.

Amen

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