CEBA Update

The Canada Emergency Business Account (CEBA) was previously a loan of up to $40,000 with a $10,000 forgivable portion (if repaid by December 31, 2022).

As of December 4, 2020, this has been increased to a total loan of $60,000 with a forgivable portion of $20,000 (if repaid by December 31, 2022).

Those who have previously received the $40,000 loan can apply for the CEBA expansion to increase their loan by an additional $20,000.

Applicants have until March 31, 2021 to apply for the $60,000 CEBA loan or the $20,000 expansion.

Get all the details here and here

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