The new Canada Emergency Business Account (CEBA) is available starting TODAY and is available through major banking institutions.
The CEBA will provide qualifying businesses an interest-free loans of up to $40,000 until December 31, 2022.
A big win today for some small business owners who previously did not qualify for the $500/week Canada Emergency Response Benefit (CERB) or the 75% Canada Emergency Wage Subsidy (CEWS).
The sheer volume of applications for the Canada Emergency Response Benefit (CERB) will likely overwhelm the system. If you or someone you know need to apply for this benefit, we suggest you prepare TODAY before the applications begin:
Double check your myCRA account username and password
Setup Direct Deposit with CRA
