On August 31st, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced the extension of the Canada Emergency Business Account (CEBA) to October 31st, 2020. This will give small businesses 2 additional months to apply for the $40,000 loan.
In addition, the Federal Government said it was working with financial institutions to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that have so far been unable to apply due to not operating from a business banking account.
Apply online at the financial institution your business banks with:
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I have enjoyed spending the last 38 years helping individuals, families and businesses realize their financial and lifestyle goals. My career has included 8 years in banking, and in excess of 30 years as an insurance and investment advisor, the last 20 of which have been spent operating my own independent retirement planning practice, R&L Capital Growth.
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