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
Canfor announces earnings, acquisition
Thu, May 02nd, 2024
Two more retailers to showcase Quebec-made products
Thu, May 02nd, 2024
Throwback Thursday: “Canadians are ready to start spending again,” we reported ten years ago
Thu, May 02nd, 2024
RONA stores raise money in May to support communities
Thu, May 02nd, 2024
AD Canada garners recognition as great place to work
Thu, May 02nd, 2024
AQMAT unveils its “Family Portrait” of the industry in Quebec
Wed, May 01st, 2024
Is the honeymoon ending for self-checkout?
Wed, May 01st, 2024
Amazon announces first quarter results, triples profits
Wed, May 01st, 2024
Peavey marks grand opening in Manitoba
Tue, April 30th, 2024
Hiring in Ontario? Legislation around job postings has changed
Tue, April 30th, 2024