Update: May 15, 2020. • This could happen for a several reasons, including no shared cipher suites. CEBA is a Government of Canada COVID-19 relief program designed to help businesses access loans to stay afloat during COVID-19. CEWS extension and technical changes announced Government to extend CEBA $40,000 small business loan applications to October 31, Report: Underrepresented workers disproportionately impacted by layoffs amid COVID-19, Provision extends food tech software reach through acquisition of Crop Boss, Chronometriq rebrands to Pomelo Health, raises $5 million in debt financing, PressReader’s chief content officer on monetizing media and dealing with fake news blues, BC tech sector gets ‘A’ grade nationally, but big picture is more mixed, How government regulators can better embrace the sharing economy, Smart cities consortium, UofT, Palette Skills among orgs receiving millions in government funding. It appears that the SSL configuration used is not compatible with Cloudflare. All rights reserved. It appears that the SSL configuration used is not compatible with Cloudflare. Cloudflare Ray ID: 5e25c9f74c9df2d8 This will give small businesses 2 additional months to apply for the $40,000 loan. If you have already applied for CEBA and have questions, please contact the CEBA Call Centre at 1-888-324-4201.Please note, in order to provider a quicker response time and improve the overall customer experience you will be asked to leave a call back number. Meagan is the Associate Editor for BetaKit. Additional troubleshooting information here. On August 31, 2020, the government of Canada announced an extension to the deadline for CEBA applications from August 31 to October 31, 2020.. Also, the government is exploring ways to make the program available to those that have so far been unable to apply due to not operating from a business banking account. When asked whether the federal government is considering extending CECRA, Minister of Small Businesses, Mary Ng, said “we are absolutely working on that.” Ng, as well as Freeland, acknowledged that they are aware small businesses are waiting for a response, with the newly appointed finance minister calling on landlords to “step up and play your part.”, Freeland pushed away questions about whether CECRA was coming to an end, stating that she has been in conversation with provincial and territorial finance ministers and there would be more details coming “very soon.”. Additional troubleshooting information here. “CEBA has been a crucial lifeline to 730,000 small firms, including 60 per cent of CFIB’s members,” Kelly said. It is also a huge relief to see the #CEBA application deadline extended until the end of October. Podcast and Harry Potter nerd, photographer and crazy cat lady. The Government of Canada announced that it is extending applications for the Canada Emergency Business Account (CEBA) until October 31. Freeland stated that more details on the changes will be made public soon. Further details on these changes will be released in coming days, including a new business account opening process. The extension of CEBA comes as good news to business organizations like the Canadian Federation of Independent Businesses (CFIB), which has been calling for the expansion of CEBA, as well as the Canada Emergency Commercial Rent Assistance (CECRA), as the programs were set to expire at the end of August. email@example.com©2017 Video Tax NewsAll rights reserved. According to Freeland, as of August 27, more than 730,000 CEBA loans amounting to $29 billion have been handed out to small businesses. Also, the government is exploring ways to make the program available to those that have so far been unable to apply due to not operating from a business banking account. Cloudflare is unable to establish an SSL connection to the origin server. The federal government said it is also working with financial institutions to extend CEBA to businesses that handle transactions through personal bank accounts. This will give many the time to fix the many challenges of CEBA 3.0 too. On August 31, 2020, the government of Canada announced an extension to the deadline for CEBA applications from August 31 to October 31, 2020. On August 31st, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced the extension of the Canada Emergency Business Account (CEBA) to October 31st, 2020. The federal government of Canada announced on Friday a number of expansions for COVID-19 relief programs for business, including the official extension of the Canada Emergency Wage Subsidy (CEWS) and additional loans through the Canada Emergency Business Account (CEBA). Find more details here. “We call on government to deliver further CEBA changes and a similar approach on improving the CECRA program to support commercial rent.” The government did not announce an extension of CECRA. The extension of CEBA comes as good news to business organizations like the Canadian Federation of Independent Businesses (CFIB), which has been calling for the expansion of CEBA, as well as the Canada Emergency Commercial Rent Assistance (CECRA), as the programs were set to expire at the end of August. Thank you for subscribing! Your IP: 184.108.40.206 Performance & security by Cloudflare. Under the program’s terms, repaying the balance of CEBA loans received on or before December 31, 2022 results in loan forgiveness of 25 percent (up to a total of $10,000). The additional CEBA loan would effectively increase CEBA loans to $60,000 from $40,000 for eligible businesses, of which a total of $20,000 would be forgiven if the balance of the loan is repaid before December 31, 2022. Deputy Prime Minister and Minister of Finance Chrystia Freeland made the announcement Monday morning, noting that this gives small businesses an additional two months to apply to the $40,000 small business loan program. • A tech writer that is super proud to showcase the Canadian tech scene. Background in almost every type of journalism from sports to politics. The CEBA provides interest-free loans of up to $40,000 to small businesses and not-for-profits to help cover operating costs during a period when revenues have been reduced, due to the pandemic. The $55 billion program offers federally guaranteed loans of up to $40,000 to small businesses and not-for-profits that are interest-free for the first year. CEBA has been extended to December 31, 2020, making the program accessible longer to Canadians. On Tuesday, the Government of Canada announced an investment of up to $11.1 million in order to develop a “made-in-Canada” Smart Cities Innovation Cluster…. Finally, it was announced that the Business Credit Availability Program (BCAP) is extended to June 2021. By making CEBA loans available for an additional two months, we will help more small businesses get into a better position to weather the storm and get back on their feet. © 2012-2019 BetaKit Incorporated. This could happen for a several reasons, including no shared cipher suites. You will receive an email confirmation shortly. Extending BCAP will improve access to the capital needed by businesses to pay workers’ salaries and cover expenses — and it will also serve as a bridge until we return to more normal borrowing conditions.