Canadian Emergency Business Account (CEBA) Update

Published October 30, 2020 | By porknovascotia

Deputy Prime Minister Freeland announced changes to the CEBA program that will open the loan program up to businesses that have been operating from personal banking accounts.

According to the Finance Departments backgrounder (see here), to be eligible, businesses:

must have been operating as a business as of March 1, 2020,
must successfully open a business account at a Canadian financial institution that is participating in CEBA, and
meet the other existing CEBA eligibility criteria

The deadline to apply for CEBA is December 31, 2020.

Posted in COVID-19