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Loan forgiveness repayment deadline for the Canada Emergency Business Account (CEBA) has been extented to December 31, 2023

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    • Loan forgiveness repayment deadline for the Canada Emergency Business Account (CEBA) has been extented to December 31, 2023

    The repayment deadline for CEBA loans to qualify for partial loan forgiveness is being extended from December 31, 2022, to December 31, 2023, for all eligible borrowers in good standing. Repayment on or before the new deadline of December 31, 2023, will result in loan forgiveness of up to a third of the value of the loans (meaning up to $20,000).

    Outstanding loans would subsequently convert to two-year term loans with interest of 5% per annum commencing on January 1, 2024, with the loans fully due by December 31, 2025.

    Welcome to Seniuk and Marcato, Chartered Professional Accountants, where expert financial solutions and precision meet. Trust us to navigate your finances to your growth.

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