Skip directly to content

CEBA

Are you eligible for CEBA loan and how to apply

on Tue, 04/14/2020 - 19:21

*Updated on April 16, 12:45pm - updated program details

Ok... so we are finally getting some details on the CEBA (Canada Emergency Business Account) loan for small businesses.... 

Here we go, are you eligible? The criteria seems to be very strightforward. 

- Canadian-operated businesses that have a payroll of $20,000 to $1,500,000 in 2019 as reported in Box 14 of the business’ 2019 T4 Summary, as long as you do not run a union, charity, or religious organization;
- your business must have a CRA Business Number and be operational on or before March 1, 2020;
your business needs to have an