Parwez Financial Group Ltd.
  • HOME
  • ABOUT
    • About
    • Strategic Partners
    • Testimonials
    • Community
    • Privacy Statement and Website Terms of Use
  • SERVICES
    • Business Stages
      • Business Continuation
      • Business Succession
      • Executive Benefits
      • Group Benefits
    • Life Stages
      • Starting your career
      • Growing Families
      • Mature Families
      • Preparing for Retirement
      • Retirees
      • Estate Planning
    • Insurance Planning
      • Life Insurance
      • Mortgage Insurance
      • Critical Illness Insurance
      • The Need for Personal Life Insurance
      • Whole Life: A Whole New Investment Class
    • Farms
      • Corporate Owned Life Insurance
      • Corporate Insured Retirement Program
      • Key Person Insurance
      • Estate Equalization
      • Buy Sell
    • Business Owners
      • Individual Pension Plan
      • Corporate Owned Life Insurance
      • Corporate Insured Retirement Program
      • Key Person Insurance
      • Immediate Financing Arrangement
      • Estate Equalization
      • Corporate Estate Bond
      • Buy-Sell Agreement
    • Incorporated Professionals
      • Insured Retirement Program
      • Immediate Financing Arrangement
      • Individual Pension Plan
  • RESOURCES
    • Resources
    • Insurance
    • Tools
  • ARTICLES
  • CONTACT
  • info@parwezfinancial.ca
    306-525-2523

Applications for the Canada Emergency Business Account starts TODAY!

April 9, 20202020 Only, Blog, Business Owners, CoronavirusParwez Financial

The new Canada Emergency Business Account (CEBA) is available starting TODAY and is available through major banking institutions: TD, Scotiabank, BMO, CIBC, RBC, National Bank, HSBC and Canadian Western Bank.

The CEBA will provide interest-free loans of up to $40,000 to small businesses and not-for-profits, to help cover their operating costs during a period where their revenues have been temporarily reduced until December 31, 2022. Up to $10,000 of that amount will be eligible for loan forgiveness if $30,000 is fully repaid on or before December 31, 2022.

Eligibility

Organizations will need to demonstrate they paid between $50,000 to $1 million in total payroll in 2019

How do I apply?

Prior to applying, please make sure you have this information readily available:

  • Canada Revenue Agency Business Number (BN 15 digits)

  • 2019 T4 Summary of Remuneration Paid (T4SUM)

Apply online at the financial institution your business banks with:

  • TD: https://www.forms.td.com/app/ceba/#/ceba/ceba-form

  • Scotiabank: https://www.scotiabank.com/ca/en/personal/scotia-support/latest-updates/business-banking/small-business/supporting-our-customers-is-our-top-priority.html

  • BMO: https://www.bmo.com/small-business/financial-relief-loc/#/login?PID=MBLBC&language=en

  • CIBC: https://www.cibc.com/en/business/advice-centre/covid-19/canada-emergency-business-account/now-available.html 

  • RBC:https://www.rbc.com/covid-19/business.html

  • National Bank: https://www.nbc.ca/forms/business/covid-emergency-account.html

  • HSBC: https://www.hsbc.ca/1/2//applications/business-apply

  • Canadian Western Bank: https://www.cwbank.com/en/news/2020/canada-emergency-business-account-now-available (via phone/email)

Recent Posts

  • To Farm or Not to Farm? A Question for the Next Generation
  • July/August COMMENT Newsletter
  • Saskatchewan 2022 Budget Highlights
  • Extended COVID-19 Federal Emergency Benefits
  • Self-employed: Government of Canada addresses CERB repayments for some ineligible self-employed recipients

Categories

  • – Insured Annuity
  • 2020
  • 2020 Only
  • 2022 Only
  • Accountants
  • Banking
  • Blog
  • Business Owners
  • Business Owners
  • Business Succession Planning
  • Buy Sell
  • Charitable Gifting
  • CLU Comment
  • Coronavirus
  • Coronavirus – Associates
  • Coronavirus – Practice Owners
  • Coronavirus – Retired
  • Coronavirus – Retiring
  • Coronavirus – Students
  • corporate
  • Corporate Insurance
  • Critical Illness Insurance
  • Debt
  • Debt Management
  • disability
  • Disability Income Replacement
  • Employee Benefits
  • Employee Benefits Program
  • Estate Planning
  • Family
  • Featured Articles
  • Finance
  • Financial Planning
  • Health Insurance
  • individuals
  • Insurance
  • Investing
  • Investment
  • Life Insurance
  • Life Stages
  • Lifestyle
  • Lifestyle Tips
  • Living Benefits
  • Long Term Care
  • mortgage
  • pension plan
  • RDSP
  • Recent Blogs
  • Retirees
  • Retirement
  • Retirement Planning
  • RRSP
  • tax
  • Tax Free Savings Account
  • Tax Planning
  • TFSA
  • Wealth Accumulation
  • Will Planning

Contact Us

Parwez Financial Group Ltd.
Tel: 306-525-2523
Email: info@parwezfinancial.ca

207 – 4401 Albert Street
Regina, SK
S4S 6B6

About

We take pride in designing and providing unique, innovative and tax-efficient insurance solutions for our clients in collaboration with their legal and tax advisors. Our focus is strictly on the analysis, audit and implementation of appropriate strategies involving risk-management products from top-rated insurance carriers in Canada for our client’s personal and corporate needs. We work in collaboration with our seasoned associates who specialize in their respective fields of financial and investment planning
© 2019 Parwez Financial Group Ltd