Border duty free shops call for complete forgiveness of pandemic loans
A vehicle passes the duty free store at the Thousand Islands international border crossing in Lansdowne, Ont., Nov. 8, 2021. Land border duty free stores are calling on the government to forgive their Canada Emergency Business Account loans, citing financial hardship.
"We did our part to keep Canadians safe at the land border, and it seems a moral imperative for the federal government to acknowledge that, and forgive our stores the CEBA loan."The federal government first restricted access along the Canada-U.S. border in response to the pandemic in March 2020. Barrett said FDFA considered the border fully reopened in May 2023, when the United States dropped its requirement for proof of vaccination.
"We were really hoping to see the floodgates of Americans and Canadians going over the border, and that's just not what's happening." If a business cannot pay back the loan this year, they'll have another two years to pay — but without the partial loan forgiveness. The Tourism Industry Association of Canada is also calling for loan relief. Last month, it sent a letter along with other industry associations, including CFIB, to deputy prime minister and finance minister Chrystia Freeland asking for an extension.
TIAC has not received a response to the letter, but Séguin expressed optimism businesses could get an extension.
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