Open Letter to Government: Extend CEBA Loan Repayment Deadlines

Small businesses in my Vancouver East riding are calling on your government to extend the Canada Emergency Business Account (CEBA) loan repayment deadline, a measure which my New Democrat colleagues and I absolutely agree is a necessary measure.

The evidence is clear: according to your own government’s numbers, as of February 2023, fewer than 15% of all businesses who sought relief from CEBA loans had repaid the loan in full. The repayment date must be extended to ensure that small business owners have a fair chance to receive the benefits of the loan forgiveness and interest relief provisions of the loan.

Here in Vancouver East, and indeed across British Columbia, the health of small businesses is a primary determining factor in the health of our economy. 98% of all enterprises in BC are self-employed or small- to-medium businesses with fewer than fifty employees. One in ten people in our province are entrepreneurs. Small business is what business looks like in BC.

May 18, 2023

The Honourable Chrystia Freeland
Deputy Prime Minister and Minister of Finance House of Commons
Ottawa ON K1A 0A6
Via email: [email protected]

Honourable Mary Ng
Minister of International Trade, Export Promotion, Small Business and Economic Development House of Commons
Ottawa ON K1A 0A6
Via email: [email protected]


Dear Minister Freeland and Minister Ng,

Open Letter re: Extend CEBA Loan Repayment Deadlines

Small businesses in my Vancouver East riding are calling on your government to extend the Canada Emergency Business Account (CEBA) loan repayment deadline, a measure which my New Democrat colleagues and I absolutely agree is a necessary measure.

The evidence is clear: according to your own government’s numbers, as of February 2023, fewer than 15% of all businesses who sought relief from CEBA loans had repaid the loan in full. The repayment date must be extended to ensure that small business owners have a fair chance to receive the benefits of the loan forgiveness and interest relief provisions of the loan.

Here in Vancouver East, and indeed across British Columbia, the health of small businesses is a primary determining factor in the health of our economy. 98% of all enterprises in BC are self-employed or small- to-medium businesses with fewer than fifty employees. One in ten people in our province are entrepreneurs. Small business is what business looks like in BC.

Although the public health impacts of the pandemic have eased, the truth is, the height of the pandemic lasted much longer than could have been reasonably foreseen in April 2020 when CEBA was first rolled out; coupled with the effects of supply chain issues, increased interest rates, and high inflation, it’s become much harder for many businesses to complete repayments than they surely planned.

Furthermore, about half of all small businesses are still generating below-normal revenues, especially in sectors like food and hospitality, arts, culture and sport, tourism, retail, and social services. Things are not really back to “normal” yet. The whole point of the CEBA program was to ensure small and medium enterprises would survive the pandemic, not to simply put off their closure to a later date.

New Democrats have argued consistently for CEBA loan extensions, and my colleague, MP Daniel Blaikie, NDP Finance Critic, was in the news calling for this second deadline extension in February of this year.

It was so disappointing then to not see a CEBA loan repayment extension included in the 2023 federal budget. I urge that you please take this step right away to give small businesses and entrepreneurs the relief needed to plan for their businesses’ survival. This needed action is so crucial for many business owners and entrepreneurs, for whom the pandemic recovery phase has really only begun at the start of this year. This extension needs to be put in place to ensure broad access to the loan forgiveness as well as the interest-free aspects of the loan; to better the likelihood that small businesses will survive and can plan to thrive, and to keep the economic strength and diversity of our small business community strong.

Thank you for your attention to this important matter and I will look forward to your response so that I may keep my constituents informed.

Sincerely,

Jenny Kwan
Member of Parliament for Vancouver East

Cc: MP Daniel Blaikie, NDP Critic for Finance
MP Richard Cannings, NDP Critic for Small Business

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For six years, Rajesh Sharma has watched his parents grow older from half a world away.

The Vancouver area small businessman came to Canada from India, built a career, bought a home and met the income requirements to sponsor his mother and father.

His father’s health is failing. His mother now struggles to manage their home alone. Sharma spends his evenings arranging medical appointments from Canada and wondering how many more birthdays and family milestones they will miss.

Ottawa’s recent decision to suspend new applications for the Parent and Grandparent Program (PGP) until further notice has turned that uncertainty into something more final.

For Sharma and thousands of other immigrants, there is now no application date, no place in the queue and no assurance their aging parents will ever be able to join them permanently in Canada.

NDP immigration critic Jenny Kwan said the decision leaves Canadians and permanent residents with no date to apply, no guarantee the program will reopen and little hope of reuniting with aging parents caught outside the country.

“The government has shamefully once again suspended new intakes to the Parent and Grandparent sponsorship program,” she said.

“At this rate, it will take decades to clear the backlog. Families cannot afford to wait decades to be reunited with their parents and grandparents.”

Immigration, Refugees and Citizenship Canada announced July 15 that it will stop accepting new interest-to-sponsor forms and will not invite more potential sponsors to submit applications until further notice.

The department said it will continue processing applications already in the system and plans to approve up to 15,000 parents and grandparents for permanent residence in 2026.

The department currently has about 60,500 permanent residence applications under the Parents and Grandparents Program in progress.

Processing times are approximately 33 months outside Quebec and can reach 66 months in Quebec. About 54,000 expressions of interest from the original 2020 pool were still outstanding as of September 2025.

Kwan said the government is managing the backlog by restricting access rather than fixing a system that has kept families waiting for years.

“It has remained closed since 2020, shattering dreams of family reunification for thousands of Canadians and permanent residents,” she said.

“Families who have been eagerly waiting for the application system to reopen are once again being told by the Liberals that they are out of luck. It is a slap in the face of families who have waited so long to reunite with their loved ones.”

The suspension comes as Ottawa sharply reduces the number of parents and grandparents it plans to admit.

Under the 2026-2028 Immigration Levels Plan, the federal government has set a target of 15,000 admissions through the program in each of the next three years.

The previous plan had called for 21,500 admissions in 2026, meaning the new target represents a reduction of about 30 per cent.

*Click image or link to read the full news article - https://asianpacificpost.com/article/10670-%E2%80%9Chow-many-more-years-must-i-wait%E2%80%9D.html

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