LETTER: Government can do more for smallest businesses

From reader Greg Scott

While I commend and am supportive of the programs that the federal government is implementing to support Canadians during this pandemic, one thing is missing from the various programs. This is the assisting of truly small business, the mom and pop stores, small sole ownership and proprietorships.

I predict this is going to lead to a good number of black windows in Nelson as fixed costs, especially payment of monthly rent force their closure. The Canada Business Account loan program qualification of $50,000 payroll as evidenced by payroll tax forms does not work when the majority of these owners’ wage is taken by draws against profit. While they appear to be personally eligible for the $2,000 per month under the Canada Emergency Benefit program, this will only cover some of their living expenses but not the fixed costs of the business, again especially rent.

Another factor is if they did qualify, do they have the margins to repay loans, despite the forgiveness aspect, or deferred rent and costs once back in business? No doubt discussions with their landlords regarding rent relief are now taking place but this is hit and miss especially as most landlords have their own costs to deal with.

The government has demonstrated that support is a moving target and under constant review. I urge the government to take another look at this sector of the economy.

Greg Scott

Nelson

Letter to the Editor

Get local stories you won't find anywhere else right to your inbox.
Sign up here

Just Posted

VIDEO: Not business as usual as Nelson slowly reopens

Local owners talk about the pandemic has changed how they operate

City of Nelson takes over farmers’ markets from EcoSociety

Markets start June 13 and will be run by the Nelson and District Youth Centre

School District announces Rick Hansen Foundation difference-maker award winners

Creston student Alexis Folk and Nelson teacher Chris Mieske recognized by the Rick Hansen Foundation

Nelson offers financing for homeowners to purchase electric bikes

Loan payments will be applied to hydro bills as part of the EcoSave home retrofit program

Pay guarantee removed for some Kootenay on-call paramedics

Guarantee phased out as BCEHS introduces a new “scheduled on call” model

VIDEO: B.C. dentist gets grand welcome home after two months in hospital fighting COVID-19

Michael Chow was given a surprise send off by hospital staff and ‘welcome home’ from neighbours

Help the Nelson Star continue its mission to provide trusted local news

Black Press is now accepting donations to keep its papers operating

‘Like finding a needle in a haystack’: Ancient arrowhead discovered near Williams Lake

The artifact is believed to be from the Nesikip period between 7,500 BP to 6,000 BP

Friends, family mourn Salt Spring Island woman killed in suspected murder-suicide

A GoFundMe campaign has been launched for Jennifer Quesnel’s three sons

PHOTOS: Anti-racism protesters gather in communities across B.C.

More protests are expected through the weekend

Indigenous chief alleges RCMP beat him during arrest that began over expired licence plate

Athabasca Chipewyan Chief Allan Adam calling for independent investigation

‘I’m pissed, I’m outraged’: Federal minister calls out police violence against Indigenous people

Indigenous Minister Marc Miller spoke on recent incidents, including fatal shooting of a B.C. woman

Indigenous families say their loved ones’ deaths in custody are part of pattern

Nora Martin joins other Indigenous families in calling for a significant shift in policing

UPDATED: Pair accused of ‘horrific’ assault at Vancouver’s Oppenheimer Park arrested

Police say Jason Tapp, 30, and Nicole Edwards, 33, did not show up to meet their bail supervisor this week

Most Read