Ron McKinnon
Ron McKinnon
Member of Parliament for Coquitlam—Port Coquitlam
COVID-19 Update | May 20, 2020
May 20, 2020

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Expanding Supports for Workers and Small Businesses

 

Dear Neighbour, 

I wanted to give you a quick update on the expansion of support for workers and small businesses, announced by our Prime Minister yesterday morning. 

Canada Emergency Business Account (CEBA) Expanded Eligibility

The expansion of the eligibility criteria for the Canada Emergency Business Account now includes many owner-operated small businesses in order to help them protect jobs. Our government is continuing to modify its supports in order to ensure Canadians have the resources and support they need during this challenging time. 

CEBA now enables small businesses to obtain interest free loans to assist with operating costs amidst reduced revenues as a result of the COVID-19 pandemic. 

The program now includes more businesses that are: 

Under the expanded eligibility criteria, businesses with payroll lower than $20,000 must have: 

I will continue to update you with more information with regard to these changes as it becomes available! 

 

The Large Employer Emergency Financing Facility (LEEFF) program is now open for applications

As of May 20, Canada’s largest employers whose increased needs due to COVID-19 are not fulfilled with conventional financing, can now apply for the Large Employer Emergency Financing Facility program. 

Applying for the Large Employer Emergency Financing Facility (LEEFF)

We are also focused on ensuring that everyone has the most up-to-date information and that it is accessible. For daily updates, follow me on Facebook, Instagram and Twitter, or visit my website.

Yours sincerely,

 

Ron McKinnon

Member of Parliament for Coquitlam - Port Coquitlam

Main office - Port Coquitlam
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Port Coquitlam, British Columbia
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