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Results: 1 - 9 of 9
View Bernard Généreux Profile
CPC (QC)
You know that the Conservatives agree with this proposal. In fact, we are the ones who put it forward so that we only have one tax return, while maintaining jobs and minimizing the effects of this change, obviously.
As I told you, I am an entrepreneur. Like everyone else, we were affected by the pandemic when it started 14 months ago. One of the things that the government had to do was to put aside all of the EI administration to provide the CERB much more quickly, because the EI administrative system was not responding to the demands. In any case, it was impossible to be able to manage the CERB quickly using an absolutely archaic system.
On the other hand, I observed that the financial institutions that supported businesses with $40,000 loans—now $60,000—offered in collaboration with their government relations turned around quite quickly. They have certainly demonstrated that it was possible to do things much faster than normal, that is, when there was no crisis.
Have you seen the same thing with your businesses, not only with the $40,000 to $60,000 loans, but also with the whole Emergency Wage Subsidy and other programs?
Philippe Noël
View Philippe Noël Profile
Philippe Noël
2021-04-22 12:04
I have to tell you that, in general, we've received a lot of positive feedback about the wage subsidy. That is one of the reasons why we asked that it be extended until 2022.
View Brian Masse Profile
NDP (ON)
View Brian Masse Profile
2020-07-10 15:48
Thank you, Madam Chair.
Have any of your companies applied or expect to apply for or receive any financial aid from any of the COVID-19 federal government programs?
I'll start with you first, Mr. La Flèche.
Eric La Flèche
View Eric La Flèche Profile
Eric La Flèche
2020-07-10 15:48
No, we did not apply and did not receive. Although some of our subsidiaries could have applied for them, we chose not to.
Michael Medline
View Michael Medline Profile
Michael Medline
2020-07-10 15:49
I do not believe we did. I'd have to check if there's a franchisee somewhere who was impacted who did, because we have franchised stores, as well—they're not our employees—but I don't think so.
Sarah Davis
View Sarah Davis Profile
Sarah Davis
2020-07-10 15:49
I have the same answer. As an enterprise, it's no. There might be some independent businesses that are affiliated with us that could have if they had the right circumstance.
View Lianne Rood Profile
CPC (ON)
Thank you.
You did allude as well in your opening remarks to the many programs that the federal government has announced to help Canadians weather the COVID-19 pandemic, including the CERB, wage subsidies and loan programs. Are any of these government-announced programs helpful for the beef industry? Would Mr. Currie like to weigh in on this question? I know you've touched on it a bit, but what about specifically here in Ontario?
Rob Lipsett
View Rob Lipsett Profile
Rob Lipsett
2020-05-04 19:13
Yes, sure.
Part of the problem with the wage subsidy program is that.... I'll use cow-calf operators as an example. Their revenue comes in two to three times a year, based on their sales. Right now we're not showing a revenue reduction because of the market uncertainty. We can't move those animals at the present time, so we don't have a significant enough price decline currently to qualify for that program.
When we look at the Canadian emergency business account, we see that the current program's payroll requirements exclude what many cattle producers have for payroll expense at the current time. The other piece of it is that many of the larger feeder operations are too large to qualify, because they go over the $1.5 million cap.
Keith Currie
View Keith Currie Profile
Keith Currie
2020-05-04 19:14
I'll just add that on top of a revenue loss perhaps not being shown, what we are seeing is a doubling of expenses, so the net profit is way down. It's very problematic that we can't seem to get across that these incurred expenses are going up and up without that revenue stream continuing to follow suit.
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