Minister of State (Small Business) Designated

Summary#

This is an order that names who counts as “the Minister” for the purposes of the Canada Small Business Financing Act. It designates the Minister of State (Small Business) and repeals an earlier designation. The order was made as P.C. 2021-939 on October 26, 2021 and registered in the Gazette on November 10, 2021.

What it does#

• Repeals the earlier order P.C. 2018-1018 (dated July 18, 2018).
• Designates the Minister of State (Small Business) as the official “Minister” for the Canada Small Business Financing Act.
• In plain terms, it names which government minister is officially responsible under that Act.

Who's affected#

• Small businesses that use or interact with the Canada Small Business Financing Act and its related loan program may notice who they should contact in government.
• Banks and other lenders that work with the program could be affected in terms of who they deal with for administrative or policy matters.
• The change is mainly about which minister holds formal responsibility; it does not identify a specific department in this notice.

Why it matters#

• This is an administrative step that clarifies which minister is formally responsible for the small-business financing legislation.
• That can matter when people need decisions, guidance, or oversight tied to the Act — for example, where inquiries, approvals, or official communications should be directed.
• The order itself does not, on its face, change the Act’s rules, loan terms, or eligibility—it simply assigns who is the minister for the law.