Published in: Workplace Law Strategies Blog May 20, 2020

Workplace Law Strategies Blog: Trudeau Announces Expansion to Eligibility Criteria for the Canada Emergency Business Account

In her most recent Workplace Law Strategies Blog post, Deanna Froese discusses a recently announced expansion to the Canada Emergency Business Account (“CEBA”).

CEBA is administered by Export Development Canada and provides a partially forgivable, zero interest loan of up to $40,000 for qualifying small businesses. Up to $10,000 of the loan is forgivable if it is repaid prior to December 31, 2022.  CEBA aims to assist small businesses that have seen a drop in their revenues due to COVID-19 and have ongoing costs that are not deferable.

Read the full post here.

View our updated Federal/Provincial Benefit Chart here.