The federal government may be unable to recover upwards of $5 billion in pandemic loans to small businesses, The Globe & Mail reports. The Canada Revenue Agency has taken over responsibility for collections on the Canada Emergency Business Account. According to a briefing obtained by the Globe, the CRA may need to seek out about 100,000 debtors, including 40,000 who weren’t eligible to receive loans to begin with.
Ottawa prepares to write off CEBA debt
Most Recent
Most Read
GMS acquisition will expand Home Depot’s Canadian footprint
Wed, July 02nd, 2025
CGC to acquire Imperial Building Products
Wed, July 02nd, 2025
Target eyes direct shipments to lower costs
Wed, July 02nd, 2025
Peak Group names human resources VP
Wed, July 02nd, 2025
Home Depot subsidiary to acquire GMS
Mon, June 30th, 2025
Cloverdale launches pilot in Costco stores
Mon, June 30th, 2025
Canada gets its first online department store
Mon, June 30th, 2025
AMI launches accessories for Ascend Composite Cladding System
Mon, June 30th, 2025
Home Hardware announces casting call
Fri, June 27th, 2025
RONA donates ad space to local trades
Fri, June 27th, 2025