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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6 hours ago
David Sweet, M.P.

The Conservative climate plan will hold the world’s largest greenhouse gas emitter - China - to account by implementing Carbon Border Tariffs. We won’t let the Chinese Communist Party hold the world hostage anymore over this issue!

www.foreignaffairs.com/articles/united-states/2021-04-13/competition-china-can-save-planet

#cndpoli Conservative Party of Canada - Parti conservateur du Canada
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The Conservative climate plan will hold the world’s largest greenhouse gas emitter - China - to account by implementing Carbon Border Tariffs. We won’t let the Chinese Communist Party hold the world hostage anymore over this issue!

https://www.foreignaffairs.com/articles/united-states/2021-04-13/competition-china-can-save-planet

#cndpoli Conservative Party of Canada - Parti conservateur du Canada

Comment on Facebook

China will laugh at us. They will never be held to account. No other country in the world would be willing to stand shoulder to shoulder with Canada when it comes to sanctions on China, everyone of them are sucking up to them. I think that more should be done on the human rights front, like expelling their diplomats until the two Michaels are released. That should be just a start.

Thank you for this!!

Thanks

Our Conservative plan will secure an environment that our future generations will enjoy and prosper from! It will fight climate change, hold foreign nations accountable and make Canada competitive — while not burdening Canadians with an ever increasing tax! cpcassets.conservative.ca/wp-content/uploads/2021/04/15104504/24068610becf2561.pdf ... See MoreSee Less

Our Conservative Party of Canada - Parti conservateur du Canada plan will secure an environment that our future generations will enjoy and prosper from! It will fight climate change, hold foreign nations accountable and make Canada competitive — while not burdening Canadians with an ever increasing tax! https://cpcassets.conservative.ca/wp-content/uploads/2021/04/15104504/24068610becf2561.pdfImage attachment

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David, Erin O'Toole said no to carbon taxes when he was campaigning, now all in. Why is the Conservative party moving left? We need a conservative choice.

Fight climate change with a carbon tax, frequent flyer tax, and a tax on cottages? I think you and Erin O'Toole may have signed up for the wrong party... Suggest you check out the NDP or Green Party.

Now this is the topic?? Agenda.

Wake up! No one can secure environment with natural causes, they can only ensure discipline such as no littering, proper pick up of garbage, cleaning, planting trees, etc. Without risk there will be no technology, progress and improvements. We shouldn't go backwards just to satisfy impossible dreams of controlling unforeseen and natural occurrences, we need to develope our common sense and be smart. What we do is drive away jobs, wealth and resources to China and other foreign countries giving up what we perceived as controlling environment problems. Other countries won't control but produce the same we gave up without maintained processes bringing worse climate situation and controlling us with our dependence on their supplies. Remember the PPE China won't supply as leverage, until we decide to produce locally, now the vaccine....

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