Canada Emergency Business Account

The deadline to repay your CEBA loan is fast approaching. If you haven’t paid it back you have until December 31, 2023, to keep your forgiven amounts $10,000 (borrowed $40,000) or $20,000 (borrowed $60,000).

You may be wondering “How do I pay it back?”. That is easy. Contact your CEBA loan lender and they will help you out.

Remember if you don’t pay it back by the deadline the original borrowed amount ($40,000 or $60,000) will be converted into a 5% interest-bearing 2-year loan.