Bachrach calling on federal government to extend CEBA loan forgiveness until 2024

PRINCE GEORGE — Taylor Bachrach, MP for Skeena-Bulkley Valley is calling on the federal government to extend the Canada Emergency Benefit Account (CEBA) loan forgiveness until 2024.

The reasoning for the call is to give small businesses who are struggling with high costs a break. Bachrach has sponsored a parliamentary petition that would see small businesses keep the up to $20,000 CEBA loan forgiveness they were promised even with taking a year-long extension on repayment.

“What we’ve been pushing for alongside the Canadian Federation of Independent Business is for the government to fully extend all the terms of the CEBA loan repayment by a full year. Now, a few weeks back, the government came out with a press release saying that they were going to help small businesses by extending some of the terms of the CEBA loan. Unfortunately, it was really a half measure and they only extended the loan forgiveness portion.” -Taylor Bachrach, MP for Skeena-Bulkley Valley (NDP)