North Island-Powell River MP, Rachel Blaney, is glad to see that the Canadian Emergency Business Account will now also accommodate smaller businesses with payrolls starting at $20,000 per year. (Marissa Tiel/ Campbell River Mirror)

MP Rachel Blaney happy with federal funding revisions for small busineses

Blaney provides latest updates on Canadian Emergency Businesses Action, COVID-19 and more

North Island-Powell River MP Rachel Blaney addressed federal provisions for smaller businesses, COVID-19 updates, and the April 8 Campbell River apartment fire.

Speaking from her new Campbell River office, Blaney approved of the lowering of the payroll threshold to $20,000 per year in order to be eligible for the federal government’s Canadian Emergency Business Account (CEBA). With the initial payroll cut-off placed at $50,000 per year, this new revision comes as a welcome relief for smaller businesses which can access an interest free loan up to $40,000.

“I’m glad to see that go down to $20,000, and it has gone up as far as $1.5 million for businesses to be able to apply,” said Blaney.

But organizations and businesses that are connected to local credit unions have not been able to access funds under CEBA, Blaney said.

“When it was initially rolled out, the government rolled it out with the larger banks and not with the local credit unions.”

Blaney provided an update from the finance department which said, “They will be working on this more rapidly to get credit unions up to speed.”

Expanding the inclusivity of federal provisions is something the federal NDP has been vocal about. Leader Jagmeet Singh last week called on Ottawa to address the gaps in the Canada Emergency Relief Benefit (CERB) and lift all criteria to allow universal access of funds for any Canadian in need of the benefits

READ MORE: Federal NDP suggests universal benefit to streamline aid payments

Pertaining to the extension of the Canada-US border semi-closure, Blaney said that at this point, “Only essential services and essential supplies that we need are allowed to cross the border.”

In tackling COVID-19, she applauded B.C.’s two-week isolation measures for Canadian’s and permanent residents coming back to Canada.

“We see in B.C. that curve going down and we need to keep doing that.”

Blaney reported on the House of Commons sitting on April 20 with a small group of 32 MPs.

“We still feel strongly that like every other Canadian, members of parliament also have to respect the rules. Businesses and organizations are finding new ways to address their businesses,” she said adding that members of parliament and house of commons should do the same.

The NDP is incorporating these measures and supporting one-day-a-week sitting in the House of Commons with a reduced number of members, and two electronic virtual question periods. These measures allow the opposition to “address the most important issues that I think all Canadians want to see addressed,” she said.

READ ALSO: Rachel Blaney among MPs working to implement virtual parliament

Blaney also took a moment to acknowledge the apartment blaze in Campbell River in which over 90 people lost their accommodations.

“We are working with all of the government to try and find a way to cover some of these costs and make sure we don’t have an increase in the number of people who are homeless in the community.”

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