The government has announced changes to the CEBA repayment process.
Here’s what you need to know if you’re a small business:
There will now be three CEBA deadlines.
The first one is on January 18th, 2024, which is the deadline to keep the forgivable portion by repaying the full balance.
The second deadline is on March 28, 2024, which is the deadline to keep the forgivable portion if you have an application in process before Jan. 18, 2024, for a bank loan to repay CEBA.
The third deadline is on December 31, 2026, which is the deadline to repay the full CEBA loan if you lose the forgivable portion.
If you have any questions, please call Atum Financial Services Inc. at 519-893-1116.