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Jul 22, 2021 4:32 PM -

Small business group launches petition to maintain government

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A group representing Canada's small business sector has launched a petition pressing the federal government to halt the phasing out of financial support programs.

The Canadian Federation of Independent Business says small business owners are keen to replace subsidies with sales but only 35 per cent are back to normal levels of sales and many don't see that happening until next year.

In addition to closing the Canada Emergency Business Account (CEBA) loan program last month, Ottawa has started to phase out the Canada Emergency Wage Subsidy (CEWS) and Canada Emergency Rent Subsidy (CERS).

The subsidies are expected to be eliminated after Sept. 26 following three months of reductions.

The federation is calling on the federal government to keep the subsidy at June levels and extend them until the economy is fully open.

It also wants all independent businesses, including new firms, to have access to these supports.

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