Ottawa adding $20,000 top-up to small-business loan program

  • 📰 nationalpost
  • ⏱ Reading Time:
  • 34 sec. here
  • 2 min. at publisher
  • 📊 Quality Score:
  • News: 17%
  • Publisher: 80%

Ireland News News

Ireland Ireland Latest News,Ireland Ireland Headlines

Half of the top\u002Dup will be forgivable if the loan is repaid by the end of 2022

Up to $10,000 of each tranche of the loan is forgivable if the loan is repaid by the end of 2022.

The government also announced regionally targeted support for businesses and additional funding for innovative businesses to ensure that “intellectual property rich firms have the support they need to face the challenges presented by COVID-19.” The added funds “will help Canada’s most innovative firms and industries weather the pandemic and grow into world leaders that will help drive growth and create jobs in the Canadian economy,” the government said Monday.

On a much smaller scale, the economic update recognized that many Canadians are working from home during the pandemic, and pledged to make it easier to claim home-office deductions.

 

Thank you for your comment. Your comment will be published after being reviewed.
Please try again later.
We have summarized this news so that you can read it quickly. If you are interested in the news, you can read the full text here. Read more:

 /  🏆 10. in İE

Ireland Ireland Latest News, Ireland Ireland Headlines