Canada Emergency Business Account aka CEBA aka Helicopter Money for Small Businesses.
The CEBA program offered interest-free loans of up to $60,000 to small businesses and not-for-profits.
For eligible CEBA borrowers in good standing, repaying the balance of the loan on or before December 31, 2023 will result in loan forgiveness of up to 33 percent (up to $20,000).
Source: https://ceba-cuec.ca
The original date for repayment was December 31, 2022, but
The Government of Canada has extended the December 31, 2022 repayment date to December 31, 2023 for CEBA loan holders.
Kicking the can down the road? Oh yeah!
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