Federal COVID-19 Indigenous business relief still leaves ‘critical gaps,’ says financial organization

A First Nations financial organization in the Atlantic region is voicing concern over the exclusion of band-owned, non-taxable businesses in federal financial relief programs during the COVID-19 pandemic.

In April, the federal government announced $306.8 million in short-term, interest-free loans and non-repayable contributions through programs like the Canada Emergency Wage Subsidy (CEWS) and the Canada Emergency Business Account (CEBA).

The announcement followed projections from First Nations financial institutions that showed potentially billions of dollars in lost revenue for First Nations across Canada.

View the full news report here.