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Prime Minister says feds will support small businesses through COVID-19

Prime Minister Justin Trudeau has announced a series of measures in order to support small and medium-sized business.

The payroll support has been raised to 75% to help employers cover salaries. It is retroactive to March 15th.

In order to help companies that are facing a cash crunch, the federal government is launching the Canada Emergency Business Account which will allow companies to apply for loans up to $40,000, interest-free for a year.

If needed up to $10,000 may be forgiven.  The government is also waiving GST & HST payments and import and export duties until June.

Patrick Siedlecki
Patrick Siedlecki
Pat has been a mainstay in the CJOC News department from the time the station launched in 2007. He's been in the position of News Director since then and has been anchoring daily news casts as well as reporting and working behind the scenes. Community is important to him and keeping CJOC listeners and readers informed about what's happening across southern Alberta and beyond. Pat has been in radio broadcasting for the past 24 years, starting in Port Alberni on Vancouver Island in 1997 and then moving up island to Nanaimo for another few years before heading to Lethbridge in 2007. Pat grew up in the small Saskatchewan farming town of Foam Lake. After high school, he went to Western Academy Broadcasting College (WABC) in Saskatoon prior to moving to the island. Pat also spent several years broadcasting hockey in the BCHL as well as seven years as the radio voice of the Lethbridge Hurricanes in the WHL. Pat has been working at Cornerstone Funeral Home in Lethbridge as a Certified Life Celebrant and Funeral Assistant since 2016. News and sports have always been Pat's passion from the time he was a teenager and he's always been grateful to have had the opportunity to make that part of what's been a fun and long radio career!
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