Tag: CEBA

BMO offer Credit line for business to help pay off CEBA Loan

10/24/202310/24/2023 TaxDeep No Comments

Some business owners have opted to explore alternatives to the Canada Emergency Business Account (CEBA) loan and have turned to Bank of Montreal (BMO) for a pre-approved Line of Credit (LOC). While this option provides them with a way to replace the CEBA loan, it comes with a higher interest rate, exceeding 14%. （BMO Prime+7.5%），you…

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N.S. restaurant says CEBA loan repayment extension doesn’t go far enough for small businesses

10/23/202310/23/2023 TaxDeep No Comments

The news posted by globalnews.ca states that Canadian small businesses are in need of an extension for the repayment deadline of The Canada Emergency Business Account (CEBA) by the federal government. Without this extension, many businesses will be forced to close due to their inability to pay their debts.

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Support Forgiveness for Canadian Businesses: Sign Open Letter to Government | CEBA Loan Relief

10/16/202310/16/2023 TaxDeep 1 Comment

Canadian businesses cannot afford additional debt payments currently. Please support forgiveness by signing our open letter to the Canadian Government at http://cebaloanrelief.ca Canada recently announced that it will be extending the small business emergency loan repayment deadline, which undoubtedly comes as a relief for many entrepreneurs struggling to keep their businesses afloat during these challenging…

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Canada extending small business emergency loan repayment deadline.

09/15/202309/15/2023 TaxDeep No Comments

We are disappointed with Prime Minister Justin Trudeau’s recent announcement on Thursday, regarding Canada’s extension of the repayment period for emergency loans provided to small businesses during the COVID-19 pandemic. After consistent calls from businesses, the Liberals have decided to extend the repayment deadline for Canada Emergency Business Account (CEBA) loans by one year, despite…

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