Key Actions Since 2015 to Support Businesses

  • Introduced the Canada Emergency Wage Subsidy which has helped employers across the economy keep their workers on payroll.
  • Created the Canada Emergency Business Account (CEBA) which has provided interest-free loans to almost 900,000 businesses.
  • Made sure that Canada has the lowest combined small business tax rate in the G7.
  • Moved forward on a plan to lower credit card fees for small businesses.
  • Successfully renegotiated a new NAFTA deal that safeguards tariff-free access for Canadian goods.
  • Introduced the Accelerated Investment Incentive to provide accelerated capital cost allowances for businesses of all sizes, in all sectors, and boost investment in Canada.