The Buzz

CoVID-19 Update

Government announces greater flexibility and extension of CEBA

On August 31 government announced that the application deadline for the Canada Emergency Business Account (CEBA) is extended from August 31 to October 31, 2020. And to help businesses with larger operating expenses, the Business Credit Availability Program (BCAP) will be extended to June 2021. They have also stated that they are working with over 200 financial institutions to make CEBA available to the small business owners and entrepreneurs operating out of a personal bank account as opposed to a business bank account.

Government announces CECRA extension for small businesses

On September 8 government announced that Canada Emergency Commercial Rent Assistance (CECRA) for small businesses will be extended by one month to help eligible small businesses pay rent for September. All provinces and territories continue to participate in this initiative and collaborate with the federal government to provide rent supports to those small businesses most in need. Current CECRA application deadlines will also be extended to accommodate this extension.

CPB Canada COVID-19 Resources Page

You will find current and credible resources on COVID-19 programs, resources and more on our COVID-19 resources page on the CPB Canada website. The provincial and territorial page contains links to provincial and territorial re-opening plans and guidelines for businesses.