Category: small business relief loan

Canadian Taxpayers May Lose Billions Due to a Pandemic Loan Relief Program

Canadian taxpayers may stand to lose $2.4 billion because of a pandemic loan relief program, federal records show. The expected loss stems from the $42.9 billion Canada Emergency Business Account (CEBA) program, which offered loans to business owners affected by lockdown orders during the COVID-19 pandemic. The amount was disclosed after a request by Conservative…


Write-Off From Pandemic Loan Relief Program May Cost Canadian Taxpayers Billions

Canadian taxpayers may be on the hook for $2.4 billion due to a projected write-off of debts from a pandemic loan relief program, federal records show. The expected loss stems from the $42.9 billion Canada Emergency Business Account (CEBA) program, which offered loans to business owners affected by lockdown orders during the COVID-19 pandemic. The…