Discover and read the best of Twitter Threads about #CEBA
Most recents (2)
IMPORTANT SURVEY ALERT. There is big trouble for Canada's rent relief program. In our survey, only 19% say their landlord is likely to sign up for it. The provinces need to declare a moratorium on commercial evictions to save #CECRA. #SaveSmallBusiness 
This landlord response is a tragedy, since small businesses are saying the rent subsidy is BY FAR the most important program that has been rolled out to date. 67% said #CECRA was most important, vs. 24% for the #CEBA loan and only 9% for the #CEWS wage subsidy.
A #CECRA rent subsidy that work would literally save our local communities. 54% of small business owners say it would save them from permanent closure. 43% say it would make a big difference. Only 3% (!) say they sure to survive either way.
Bill Morneau said the #CEBA loan was for "the local restaurants, the corner coffee shops, the small travel agencies, the salons and barbershops ... the very backbone of Canada's economy."
Related story: Most barbershops won't even qualify for the loan created for them.
THREAD 1
Related story: Most barbershops won't even qualify for the loan created for them.
THREAD 1
For reasons no one can explain, businesses require at least $50K in payroll to qualify for the loan. Unless there's a secret reason for this, it displays a shocking misunderstanding about how local small business works. 2/7 #CEBA #covid19Canada
Barbershops, for example, are often organized as a collective of individual barbers, where the barbers either rent chairs or are paid a % of revenue as contractors. Owners will pay themselves dividends. So, payroll is zero, and they won't qualify for this loan. 3/7 #CEBA
