Page 68 - BEC / SEP / 2020
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Plummeting revenues and forced closures meant

        that business owners quickly needed help covering

        their employees’ wages and fixed costs like rent.
        CFIB was an early advocate of a 75 to 90 per

        cent wage subsidy. When the federal government
        announced its initial 10 per cent subsidy, we pushed

        back hard, in meetings with government officials

        and through thousands of media appearances, and
        we were successful in raising it to 75 per cent.



        While the government’s latest round of changes to

        the Canada Emergency Wage Subsidy extended

        the program to the end of the year, CFIB is also
        fighting to ensure the many family businesses that

        pay themselves through dividends and who are not

        currently eligible for wage support are covered.



        Cash flow for fixed costs like rent or utilities was    program was a good initial step, the program’s

        another emergent issue for small business owners.       flawed and unfair design has left many businesses
        CFIB worked closely with government to ensure           in need of relief unable to access it because their

        the Canada Emergency Business Account loan              landlord doesn’t wish to apply on their behalf
        program was accessible to as many businesses as         or because they don’t qualify. CFIB is pushing

        possible, and has succeeded in expanding access         government to give the relief directly to commercial

        to those with no payroll, but who can demonstrate       tenants.
        non-deferrable expenses exceeding $40,000,

        and recently businesses with personal banking           The fight continues: Many firms have been helped
        accounts. Despite this, new firms, and those with       by these federal support programs, but changes

        less than $40,000 in non-deferrable expenses are        are still needed to help small firms recover and

        still left out of getting the help they need, and CFIB   ensure more businesses are able to survive the
        continues to advocate for their inclusion.              COVID-19 crisis. That’s why CFIB launched a

                                                                new online petition to push government to make

        Another issue that small businesses continue to         these important changes to its relief measures. All
        face is access to meaningful rent relief. While the     business owners can join the fight for better COVID-

        federal government’s commercial rent assistance         19 relief at cfib.ca/covidpetition and tell policy



     68  SEP  2020  |  BUSINESS ELITE CANADA
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