This is a page from the 2021 Canadian federal election.

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Small Businesses

Liberal

  • Extend the Canada Recovery Hiring Program to 31 Mar, 2022.
  • Help small & medium businesses adopt new tech.
  • Increase the Small Business Financing Program maximum loan to $500K, extend coverage to 15 years for equipment & leasehold improvements, & expand eligibility to non-profits.

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Conservative

  • Provide loans of up to $200,000 for small and medium businesses in hospitality, retail, and tourism, with up to 25% forgiven and similar terms to CEBA loans.
  • Make BDC loans accessible to small businesses.
  • Fix the mortgage stress test.

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NDP

  • Continue wage and rent subsidies for small businesses until they're able to fully reopen after the pandemic.
  • Put in place a hiring bonus to pay the employer portion of EI and CPP for new or rehired staff.
  • Cap credit card merchant fees at 1%.
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Green

  • Extend wage & rent subsidies until pandemic-related restrictions are fully lifted.
  • Hold the small business tax rate at no more than 9%.
  • Eliminate duplicative tax filings.
  • Streamline approvals for Small & Medium Enterprises to adopt technologies.
  • Subsidise the implementation of new clean technologies across all Small & Medium Enterprises.

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