Covid Farm Assistance a sham useless garbage

[farmaholic]

There is a 10% of gross salaries payroll deduction subsidy, it applies/reduces to the Fed/Prov/Terr income tax portion of payroll deductions not the CPP or EI portions, and payroll deductions need to be continued to be made but can be reduced by 10% of the gross salaries. Up to a maximum of $1375(per employee) over the three designated months. There is a maximum amount of $25,000 each business is allowed.

There is a 75% wage subsidy for up to 12 weeks that is being worked out, what will it look like and who qualifies? Will non arm's length salaries and self employed salaries qualify? This sounds like it's going to cost the Gov(taxpayer) alot of money.

The $40,000 gov-guaranteed small business interest free loan forgiving $10,000 if $30,000 is paid by Dec 31, 2022 if your business paid salaries greater than $50,000(max 1 million) in 2019.

Who knows what else is on the way....other than higher taxes to pay for all this "free" stuff.

[shtferbrains]

The hire a student program will be the same bull shit and the idiot farm groups will applaud it all

I wonder if the student program didn't come because the $2000 a month instead of the E I program includes anyone over 15 that earned $5000 last year and hasn't worked for 4 week can send an aplication in.
They are trying to rubber stamp 3 million of them in the next 10 days.

Why even take a job if you can get 2 grand tax free for the next 4 months.

Party time. Lots of Grass, Booze Quads and Guns for $2000 a month and then just waste the rest!

[DaneG]

Don’t you know everybody thinks we are independently wealthy!

[makar]

I wonder if the student program didn't come because the $2000 a month instead of the E I program includes anyone over 15 that earned $5000 last year and hasn't worked for 4 week can send an aplication in.
They are trying to rubber stamp 3 million of them in the next 10 days.

Why even take a job if you can get 2 grand tax free for the next 4 months.

Party time. Lots of Grass, Booze Quads and Guns for $2000 a month and then just waste the rest!

I hate to say it but have a son in this boat, pencils better to do nothing.

[AC man]

I’m starting to believe that all the governments are not gonna learn a damn thing when this crisis is over. Same shit just a different day. The people like us that make real things to create our economy will continue to get shit on. Except I must say only the American farmers seem to get support. But for the most part everyone who produces a primary product gets shoved in the toilet when it comes to financial support when the chips are down.

So true! I am glad that I am on my way out of this thankless unappreciative career. What would you expect from that two faced, weasel of a PM. I learnt a long time ago that politicians are not on a farmers side. The only one that really understood and helped was Grant Devine. I would like to wipe that smirk 😏 off of Justine’s face by telling him that there will be NO CROP seeded or beef produced this year! They would then find out how important agricultural really is. I know this will never happen but it is just a dream of mine.

[furrowtickler]

I’m starting to believe that all the governments are not gonna learn a damn thing when this crisis is over. Same shit just a different day. The people like us that make real things to create our economy will continue to get shit on. Except I must say only the American farmers seem to get support. But for the most part everyone who produces a primary product gets shoved in the toilet when it comes to financial support when the chips are down.

One of the better posts i have read here in years 👍👍.
Never more more evident than the punishing 50% increase in carbon tax on wealth created industries during a complete meltdown.the very people creating wealth and delivering supplies to the nation . It’s actually un***in believable what just happened here the past two weeks .
Go Air Canada..... biggest carbon polluters to get Federal relief in Canada 🇨🇦 .

[farmaholic]

justines buddies r shopping for a welfare Cadillac !

https://youtu.be/hq-hx73or30

Ain't gonna get ahead n-less you spendin money you ain't got er made yet!

[furrowtickler]

What’s even more un***ikin believable is there is people in Ag supporting this ....

[FarmJunkie]

We are phucked beyond phuck and the morons in charge for the last 45 years don’t give a shit!

[Oliver88]

From the website:

COVID-19 support program
Summary of current program details
To ensure producers, agribusinesses and food processors can remain focused on business-critical functions rather than worrying about how to access funds to keep operating through this challenging period, effective immediately, FCC has put in place:
a deferral of principal and interest payments up to six months for existing loans;
or a deferral of principal payments up to 12 months
access to an additional credit line up to $500,000, secured by general security agreements or universal movable hypothec (Québec only)

It sounds like all 3 of these programs will lead to more debt?

[the big wheel]

One loan payment extended 6 months only delays the problem. And that would have occurred anyway courts aren’t filing anything right now so everyone has 6 months at least.

The new funding is not interest free and can’t be used for your input bill etc that has to be paid now or no seeding for many. Banks and fcc are worried that the virus has devalued everything including land so unless there is backing to all farm lending institutions the new money is only for those buying out the ones that aren’t the favourite FCC customer?

And even if it was a good program fcc has no capacity at all to process all the business going their way Prior to seeding people working from home?

How long is it going to take to sort out with your bank and fcc who has the collateral? Fcc will be demanding you list how many Costco toilet paper rolls you have because they are going to want to have something of real value to back these loans.

The banks don’t want to help out because all the input loans overdue now have 18% interest charges going retroactive. You think fcc will take over that problem “ on a case by case situation”.
And figure that all out prior to seeding?

My point is workers get non repayable wages businesses getting 25% forgivable loans and we re getting more access Given up to our equity to keep going?

[farmaholic]

God bless those that truly need help during these covid19 times !

Good luck to all !

AngriStabilty and Crap Insurance will carry wiseguy through to the promised land...have faith.