Feds’ Extension of CEBA Repayment Deadline Misses Key Factor, Says CFIB

Prime Minister Justin Trudeau visits the construction site of an affordable housing project in London, Ont., on Sept. 13, 2023. The Canadian Press/Nicole Osborne

While Ottawa has extended deadlines for small businesses to repay Canada Emergency Business Account (CEBA) loans doled out during the pandemic, the Canadian Federation of Independent Business (CFIB) says it’s not enough to help many struggling businesses.

A small business could apply for up to $60,000 through the CEBA program, and up to $20,000 would be forgiven if paid back by a certain date.