Wasted 30 billion????

[bucket]

From what I remember,

Borrow $60k and if you repay it within 2 years you only have to pay back $40k.

The remaining $20k is forgiven but is taxable.

Didn't take it because I don't need an audit and the less I'm involved with anything to do the government or the CRA the better, I sleep. Dropped out of AgriStability and Agrivest in 2012.

Those that participated in any of the Covid free government money no matter which program and committed fraud to get it, the CRA should go after them with both barrels. Those the qualified leave them alone.

No forgiveness as the debt is unreal.

Audits will be coming .

I do think Trudeau is in so much trouble he will forgive those loans.

Look at what a clusterphuck the recent headlines highlight.

I also think they pushed the CEBA repayment deadline to december 2023. and its all interest free.

[Sheepwheat]

Thanks forage and Richard. Rings a faint bell now. I guess I just didn’t pay much attention, nor did anyone like a bank or accountant approach me about it, so.

[jazz]

Remember that story about 3 weeks after cerb, some clueless NPC went on the news bragging about buying her kids motor bikes with the funds. You knew right there it would be abused.

And Trudeau rolled out another 3 or 4 levels of it after that.

People blew through a few thousand dollars and gave us 8% inflation in return.

There should be an IQ test to be a citizen in this country.

[blackpowder]

Tell me what in life is fair???
Here in Alberta, if you farm, over $10,000 gross, you already get a break off road fuel for all vehicles that no single mom working at Safeway does.
No one ever took out a cash advance?
Only a fool believes himself to be pure. There are far higher levels of hypocrisy than to take free cash shoved down your throat. I don't make the rules but I suffer or gain by them same as every body else.
If the feds can confiscate $60k worth of property from me, I will take their $60k and wipe my arse with it one bill at a time if I choose.
Once a dollar is in govts hands it's already spent.
I do not live in fear of audits.
I've been picked clean by the family law system and fear nothing the stupid govt can do.
Heads up tho. They are doing stupid arbitrary things to your credit lines so talk to your banker. Consider paying it back early.

[jazz]

They arent going to get it back that way BP. Canadas debt to gdp ratio is not far off from what it was in the mid 90s and we all know what had to be done to get things back on track. That AAA rating is as good as toast.

[blackpowder]

Not sure what you mean but if I remember correctly, all your loans had to be in good standing and their system isn't recognizing lines of credit with various anniversary dates. Potentially triggering full interest repay by seeing a default. Do your diligence.

[BreadWinner]

I wouldn’t be to quick to pay it back. Just another Wedge issue to keep the Government in power….. they will totally forgive all the cerb program money and audits in return for a vote in the next election. They will tell all those that got free money the Scary PIERRE is coming for you and will take it away maybe your first born will be taken as well. Lol

[biglentil]

The privately controlled Bank of Canada masquerading as a crown corp with 'special rights' continuing with a 50 basis point hike yestarday. All according to plan like I called before even the 1st rate hike. There will be no letting off the gas until Canada itself is bankrupt.

[TASFarms]

The privately controlled Bank of Canada masquerading as a crown corp with 'special rights' continuing with a 50 basis point hike yestarday. All according to plan like I called before even the 1st rate hike. There will be no letting off the gas until Canada itself is bankrupt.

Isn’t a .5 increase letting off the gas from .75

[biglentil]

Isn’t a .5 increase letting off the gas from .75

Central banks are hiking at the fastest pace in history after many years of extremely loose monetary policy, and near zero percent rates. They created the everything bubble and are now popping it. The middle class is toast and will demand a solution from those that intentionally created the problem. The IMF will come to the 'rescue' and eliminate all debt and offer ubi in exchange for giving up property rights. Welcome to the great reset and the nwo. Rumour is April of 23.

[Old Cowzilla]

Lots of farms feeding livestock when there wasn't enough packing plants to process them. Don't recall any cheap feed out there during this covid thing. Don't recall ANY farmers getting time off during covid still had to feed the world go to work sick or not keep machinery running open shops or not parts supply or not deliver grain to market or not access to office just slip grain ticket under door. Oh and not allowed to use restrooms or restaurants while hauling grain. Driving all over hells halve acre to get parts fun times .

[Sodbuster]

Central banks are hiking at the fastest pace in history after many years of extremely loose monetary policy, and near zero percent rates. They created the everything bubble and are now popping it. The middle class is toast and will demand a solution from those that intentionally created the problem. The IMF will come to the 'rescue' and eliminate all debt and offer ubi in exchange for giving up property rights. Welcome to the great reset and the nwo. Rumour is April of 23.

Considering that rates should not of gone so low in the first place and the fact that they dragged their feet far too long before raising rates this is the results. Still think rates have a bit to go yet, but maybe at a slower pace.
8
Nice to be able to put money into a GIC and get close to 4% instead of the .5% a year ago and gives investors a choice instead of the stock markets and crypto currencies.