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FOR IMMEDIATE RELEASE - MP Peter Julian urges Government to extend CEBA loans deadline

During the Covid-19 pandemic, many small businesses lost some if not almost all of their revenues. Some even closed their doors permanently. Others that remained open, relied on the Canada Emergency Business Account (CEBA) repayment program to survive. However, the repayment deadline is coming up in December 2023. Many small businesses across the country are experiencing difficulties to repay their CEBA loans.

Radu Roberto Podoleanu is the owner of Amigos Travel Corp., located in downtown New Westminster. He borrowed a $40,000 CEBA loan during the pandemic. Mr. Podoleanu’s business is slowly recovering but not earning enough profit to repay the CEBA loan by the end of this year. If he is not able to pay off the loan before the deadline, he won’t be qualified for the $10,000 loan forgiveness. This is just one of the many examples of small businesses in Canada that are struggling in this post pandemic reality.

 

CEBA loans were used by 250,000 small businesses to help them endure the hardest days of the COVID 19 Pandemic, but the recovery has been long and slow, made worse by the inflation and the rising cost of living. I also want to point out that a lot of the struggles small businesses face are out of their control, like the supply chain issues, the high grocery and energy costs, the rising cost of rent and mortgages and the rise of Bank of Canada interest rates.

 

Small business is the backbone of our economy. Some of them are still not able to recover fully from the negative impact of the pandemic. The NDP and I strongly urge the Federal Government to help small businesses by extending the CEBA deadline until the end of 2024.

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MP Peter Julian (New Westminster–Burnaby), MLA Raj Chouhan (Burnaby–New Westminster), and MLA Jennifer Whiteside (New Westminster–Coquitlam) are inviting the media to attend a special Flag Day rally on Saturday, February 15, 2025, to emphasize the importance of national unity in the face of ongoing tariff threats from the Trump administration.

Flag Day Rally Details:

  • Date: Saturday, February 15, 2025
  • Time: 12:00 PM (Noon)
  • Location: Corner of 10th Avenue and 8th Street, at the border of Burnaby and New Westminster

Media Contact:
Doris Mah, Office of MP Peter Julian
Phone: 604-353-3107
Email: [email protected]

MP Julian's 2024 end of year report

Dear Neighbours,

I hope you and your family are doing well.

It’s an honour to serve as your Member of Parliament in New Westminster – Burnaby, one of the most culturally diverse communities in Canada.

 

 

All I want for Christmas is healthy teeth!

On Monday, New Democrats announced the implementation of the NDP’s national dental care program, which will save millions of families across Canada around $1,300 a year. In my riding of New Westminster – Burnaby, over 26,000 seniors, people living with a disability, and families struggling to pay the bills will no longer have to choose between a visit to the dentist or keep a roof over their head.

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