Calgary restaurants seek relief amid pressures caused by rising costs yyc
“There’s only so long you can continue in business when you’re losing money every month,” said Mark von Schellwitz, vice-president of Western Canada for Restaurants Canada. “What we’ve been asking governments to do is look on the inflation side be part of the solution instead of part of the problem.”
The CEBA program offered interest-free loans of up to $60,000 to small businesses and not-for-profits at the height of the pandemic, with 898,271 businesses approved for the loans.If the loan isn’t repaid by the end of 2023, five per cent annual interest will be added, with varying levels of debt forgiveness depending on the amount repaid before year’s end.
“We’re only having about 20 per cent of our members who are saying, ‘Right now, we will not be able to start paying this off by the end of the year,'” von Schellwitz said. “That’s why we as Restaurants Canada put forward what we think is a real win-win solution on that to extend the repayment terms of CEBA.”However, further costs on restaurants and bars, including another jump in the carbon tax, are slated to take effect this weekend.
Cael Tucker, a co-owner of Tailgunner Brewing Company in Calgary, said the increase will be felt most by smaller brewers rather than the larger conglomerates.“For us, it translates into almost 30 cents a can,” Tucker said. “When you start getting into those numbers in a highly competitive arena like the craft beer industry, it really puts small business and craft breweries in general in peril.”
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