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
Canadian Chamber of Commerce responds to threat of 35 percent tariffs from Trump
Mon, July 14th, 2025
Trump threatens 35 percent tariffs on Canadian goods
Fri, July 11th, 2025
Westcap acquires Darmac Framing Systems through portfolio company
Fri, July 11th, 2025
Richelieu posts Q2 financials
Fri, July 11th, 2025
RONA unveils 2024 sustainable activities
Thu, July 10th, 2025
Throwback Thursday: 25 years ago Canadian Tire launched its "Radio Days" summer promotion
Thu, July 10th, 2025
RONA Foundation supports Canadian non-profits
Wed, July 09th, 2025
Dealer News looks at Hardlines Conference, Home Depot acquisition
Wed, July 09th, 2025
BMR and Pierre Naud continue Quebec expansion
Tue, July 08th, 2025
RONA raises $365,000 for the Fondation Charles-Bruneau
Tue, July 08th, 2025