Extension of Canada Emergency Business Account (CEBA) Repayment
- November 15, 2022
- Posted by: Duffin Martin
- Category: Accounting, Consulting, Corporate Taxes, Tax Planning
The Canada Emergency Business Account (CEBA) program has provided interest-free, partially forgivable loans to nearly 900,000 small businesses and not-for-profit organizations to help them navigate the challenges of COVID-19 pandemic and remain resilient. The loan was given to cover their non-deferrable expenses such as wages, rent, lease payments, property taxes, utility bills etc.
This information does not replace the advice of a tax professional.