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“Today’s announced expansion of the eligibility to the Canada Emergency Business Account is a big deal for farmers across the country.
We heard from many farmers that the Canada Emergency Business Account did not work for them, because many did not meet the payroll criteria.
We listened to their concerns, and changed the eligibility to ensure farmers without payroll can now access the $40,000 interest-free loan available under CEBA – up to $10,000 of which is forgiven if the rest is repaid by December 31, 2022.
In dealing with the impacts of COVID-19, our Government has consistently said that we are prioritizing speed, and we continue to fill the gaps.