Taken from: meadowlakeNOW
In a letter written to Minister of Finance Bill Morneau, Vidal wrote he wanted to bring attention to the fact many businesses owned by First Nations don’t qualify for the Canada Emergency Wage Subsidy Program. He noted the standard model for a First Nation in Canada to carry on a for-profit business is with the use of a limited partnership, adding many variations of the model exist, but all have the First Nations as a limited power.
“These limited partnerships operate for-profit businesses in all part of the Canadian economy including forestry, mining, manufacturing, construction and consumer sales,” Vidal wrote. “These businesses are the life-blood of First Nations communities providing jobs, support for community programming and a foundation on which to build future prosperity.”
In his riding, Vidal mentioned First Nations-led businesses provide hundreds of well-paying jobs. He wrote the effect of the COVID-19 crisis on these companies is even more significant than those in the general Canadian economy.