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Oct 27, 2020 - 1 minute read - Comments - government

Changes to CEBA Eligibility

The government has announced three key changes to the Canada Emergency Business Account (CEBA) program.

  1. As of October 26, 2020, eligible Canadian businesses that currently operate through a personal bank account will be able to apply for CEBA.

  2. All applicants now have until December 31, 2020, to apply for CEBA.

  3. COMING SOON - CEBA support is being expanded from $40K to $60K. This expansion will be available to all eligible previous and new CEBA applicants. An announcement with further details will be made in coming weeks.

If you have not yet applied for CEBA or were turned down because you operate your business out of a personal account, now is the time to apply.

The first step would be to complete the online CEBA pre-screening tool to see if you are eligible. Your financial institution will likely ask for the results of this assessment when you apply so it should be your first stop in the application process.

Canada Emergency Wage Subsidy (CEWS)

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