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View Bill Morneau Profile
Lib. (ON)
View Bill Morneau Profile
2020-04-11 14:38 [p.2125]
Mr. Chair, I want to be very clear. It does not matter how we communicate it; in no way are we trying to use trickery to make Canadians think something is happening that is not. The fact is the money that is going for the wage subsidy will go to employees. There is only one thing employers must do. They must show that the money has already gone to the employees. Therefore, it cannot be used for something else; it must be used for that purpose.
For credit around businesses, we are trying to create credit opportunities for businesses of all different sizes. The Canada emergency business account is meant for the smallest of businesses. We have come forward with larger opportunities for credit for businesses that are larger, up to $12.5 million, half of it through BDC and half of it through EDC. We are looking at further credit support that we continue to work on, which we hope to announce in the not too distant future.
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