Local groups are lining up behind MP Richard Cannings as he pushed the federal government to extend the deadline for repayment of business loans issued during the pandemic.
Cannings, who represents South Okanagan-West Kootenay, asked for relief in a letter to the finance minister sent Monday from his post as the NDP’s critic for small business and tourism.
Loans granted under the Canadian Emergency Business Account must be repaid by the end of the year in order to qualify for forgiveness of up to 33% and avoid a 5% interest penalty.
“Small business owners across Canada have done everything right,