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.’”

MORE POSTS

Comments Box SVG iconsUsed for the like, share, comment, and reaction icons

3 weeks ago

David Sweet, M.P.

Thank you to the citizens of Ancaster, Dundas, Flamborough, Westdale and Glanbrook for allowing me to serve you for the past 15 years. It has been an honour to serve constituents directly as well as advocate for victims of violent offenders, International Human Rights and small business. My first challenge was to have CANMET metrological lab relocate to McMaster Innovation Park. Since then, I was pleased to secure well-invested federal funding to many excellent projects with McMaster University and throughout the greater City of Hamilton. It has also been an honour to help build strong ties between Canada and Israel over the years. I am grateful to the citizens of Canada for allowing me to lead and serve.

It is time for me to spend more time with my wife, children and grandchildren while still contributing in other ways. I am currently out of the country with my wife having reached this difficult decision, and will be back in Hamilton soon.

I have resigned my role as Chair of the House of Commons Standing Committee on Access to Information, Privacy and Ethics and will not be seeking re-election. Rest assured until the next election my staff and I will continue to serve you to the best of our ability.

David Sweet
Member of Parliament
Flamborough-Glanbrook
... See MoreSee Less

Comment on Facebook

While I appreciate you always being honest and hard working for the Flamborough community, I am a bit disappointed with your actions of being out of the country for whatever reason in the middle of the pandemic while the rest of us blue collars adhear to the lockdown measures.

Thanks David for your service. You are a wonderful leader and our nation is better because of your heart and leadership. I wish you and your family the best in the coming years ahead

You got caught...that’s all that is needed to be said.

You will be missed greatly as an MP, who has done so much for the hamilton community over the years, but thank you for your years of service and for inspiring others to serve their communities as well. I am sure the rest of the Sweet family will be excited to spend extra time with you! All the best on your next endeavour

Given the ‘do as I say, not as I do’ of elected officials on ALL levels of government from ALL parties, I for one have lost faith and don’t trust anything a politician says. Sorry but one rotten apple DOES ruin the rest....

Sorry to hear this, you have served us well for those 15 years, we always appreciated your perspective and voice. We wish you the Lord’s blessing in the years to come.

Yes you may have served us well in the past but unfortunately to do this last action of responsibility is very disheartening was not acceptable ... one bad decision (as you have done ) has caused me to loose all respect because of the tough times we are in... it's really sad you didn't have the respect for your constituents as you should have.... enjoy your retirement...

Resign as MP already. Ethics matter whether the word is in the title or not. We don’t want you to represent our area.

David, you have served our community well. Thank you very much for all the work you did on our behalf. Best of luck in your future endeavors. Blessings!

Resign immediately! My tax dollars should not support your disgraceful actions in a time of a pandemic!

What? We are losing another good MP? We have so many dependable ones and you have to leave too! Best wishes for your much needed retirement and have fun! We are losing another good man and I hope your replacement will be as good as you!

We are sorry to see you go. The party is not in a good place; we'll miss you!

Congratulations David on a job well done. No one has worked harder than you to stand up for your constituents to ensure their voices were heard. You have always been fair and honest and I can say I am proud of the job you have done for so many years. Enjoy your time in retirement you deserve it.

So sad to year this news. You have and pillar to those who are still suffering under Communist regimez and dictators arohnd the world. Tibetan community arohnd the world will greatly miss your support. We highly appreciate you support and look forward to you helping hand always.

Good luck in your next adventure! Both George & I wish you were not leaving office, we hold you in very high regard and think you do an amazing job.

David, thank you for serving! We are so blessed to have someone like yourself in leadership. I am so sorry to hear you have resigned. Blessings to you and your family!

Thank you for serving our community! Good luck in the future. It’s been a great privilege.

The right thing to do is to Resign as an MP. Erin O' Toole can't lead the members of his own party, how do we believe the he can lead the nation?

We don't feel sorry for you. Just leave quickly and quietly you falsely entitled nobody.

Very Sorry to hear this as you have served us with an unselfish spirit and with ‘our’ best interests at heart! We wish you the Lord’s blessing in the coming years

You have earned your rest. Looking forward to the next chapter in your lives as a family.

David thank you for your hard work serving our community. You are a true gentleman . Wishing you and your family all the best in the future. I was sad to hear the circumstances around your decision

Sorry to hear you will not be running again, David. You have been an outstanding MP for us! Thank you for all your hard work over the years! Blessings to you.

You have served the people admirably! Wishing you nothing less than a loving, fulfilling new adventure.

Thank you for your service and dedication. You truly are for the people. All the best to you and your family as you journey together along the next path that life will take you on.

View more comments

1 month ago

David Sweet, M.P.

🎄Merry Christmas! Although our celebrations may look different this year than they have in the past, I hope everyone has the opportunity to connect with friends and loved ones today. Enjoy this festive season and if you are able, please donate and support your local food bank.🎄 ... See MoreSee Less

Comment on Facebook

On behalf of everyone at Latitude Air Ambulance, Merry Christmas David. I look forward to the new year when we can share a coffee and a few kind words. God bless you.

Merry Christmas from the Seehaver’s

Stay in Florida

Hypocrite

Dear David: I wish you and your family belated Merry Christmas and a Joyous, Safe and Peaceful Holiday Season. Many thanks for your care and support to us throughout. Peace, Love, and Life my friend! 🙂 Jahan!

Merry Christmas to the Sweet family

M

Merry Christmas David take care play safe...

Merry Christmas David Sweet, M.P. and Almut Sweet . Blessings for 2021.

Merry Christmas!

Merry Christmas to you sir!

Merry Christmas ⛄️🎅🏼🙏

View more comments

1 month ago

David Sweet, M.P.

Our #smallbusinesses need our help during this shutdown. I'm highlighting Breezy Corners Family Restaurant at the corner of Highway 6 North and Carlisle Rd in Flamborough. If you are looking to get food why not #supportlocal and grab some curbside pick up at a country diner like Breezy Corners Freelton.
#forkout4takeout #SupportSmallBusiness #StrongerTogether
... See MoreSee Less

Comment on Facebook

How do you support local businesses when you are out of the country? Skip the dishes?

Yummy!

1 month ago

David Sweet, M.P.

Applications are now being accepted for the 2021 Canada Summer Jobs Program. Don’t miss this amazing opportunity to help create greater youth employment in our community! To learn more about the program and how to apply, please visit: www.canada.ca/en/employment-social-development/services/funding/canada-summer-jobs/apply.html ... See MoreSee Less

Applications are now being accepted for the 2021 Canada Summer Jobs Program. Don’t miss this amazing opportunity to help create greater youth employment in our community! To learn more about the program and how to apply, please visit: https://www.canada.ca/en/employment-social-development/services/funding/canada-summer-jobs/apply.html
Load more