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“I am a Canadian, free to speak without fear, free to worship in my own way, free to stand for what I think right, free to oppose what I believe wrong, or free to choose those who shall govern my country. This heritage of freedom I pledge to uphold for myself and all mankind.” ~~ John G. Diefenbaker

GLOBAL: With 51% of restaurants struggling, CEBA extension not enough: industry group

 


The federal government will be extending the deadlines for Canada Emergency Business Account (CEBA) loan repayments, but Restaurants Canada says it’s not enough for many struggling businesses.

Prime Minister Justin Trudeau announced Thursday that it would extend the overall loan repayment deadline by a year to Dec. 31, 2026. However, the deadline to meet the condition for the forgiveness grant of up to $20,000 was increased by just 18 days, from Dec. 31, 2023, to Jan. 18, 2024. The government previously announced a one-year extension in January 2022.

“It’s a first step,” said Mark von Schellwitz, vice president with Restaurants Canada for Western Canada.

He said the advocacy group for restaurants and service industry is disappointed by the length of the extension ...


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