A Regional Director for the Canadian Federation of Independent Business Jonathan Alward explains while they’re glad to see the Canada Emergency Wage Subsidy and Rent Subsidy be extended to November, the amount of money applicants would receive will decrease as Ottawa expects businesses to recover by then.

 Alward touches on the Canada Emergency Business Account which has also received an extension. He explains the deadline to apply for the Emergency Business Account loan has also been extended to June although we know a lot of businesses have already done so and received the funding a long time ago and it’s going to be released to a lot of business owners that didn’t know what would happen for them with these supports beyond June but it’s not a very long time and they’re going to be having less and less money every month accessible through these programs and that’s certainly a concern.        

Alward goes on to say most of the unease comes from whether jurisdictions across the country will be in a place to focus on recovery as opposed to just helping businesses survive in the summer as we see more COVID-19 cases crop up.