We collect basic website visitor information on this website and store it in cookies. We also utilize Google Analytics to track page view information to assist us in improving our website.
We collect basic website visitor information on this website and store it in cookies. We also utilize Google Analytics to track page view information to assist us in improving our website.
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Tax Season Is Here!
Welcome to another tax season! Please click on the link below for CRA updates on the 2021 tax season.
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CEBA Loan Extension
The federal government has extended the deadline for the repayment of the Canada Emergency Business Account.
The interest-free loan was set to expire on December 31st of this year has now been extended until December 31st, 2023.
Small businesses and not-for-profits could apply for the CEBA program from April 9th, 2020, to June 30th, 2021, to get an interest-free loan of up to $60,000.
The government has also announced that if the balance on the loan is paid on or before December 31st, 2023, that it would result in loan forgiveness of up to $20,000 or 33%. Also announced was the interest rate of 5% per year for all outstanding loan balances. The outstanding loans would become two-year loans starting on January 1st, 2024 and ending on December 31st, 2025.
Those who qualified for partial forgiveness for CEBA-equivalent lending through the recovery fund and regional relief have also been extended until December 31st, 2023.
The CEBA loan has helped over 898,000 businesses during the COVID-19 pandemic with over $49 billion spent. |
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atum ZERO GRAVITY.mov from Matt Manteiga skydefinition on Vimeo.
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Business marketing is essential and with technology it doesn't have to be hard or expensive.
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Annie Puran 8 January 16, 2024 |
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Tanysha Serkissoon 4 February 22, 2022 |
