Nearly five years after Ontario went into lockdown to reduce the spread of COVID-19, small businesses are still struggling to pay back their Canada Emergency Business Account (CEBA) loans.
Under the CEBA, businesses could borrow up to $60,000 interest-free and were offered partial loan forgiveness if they repaid before Jan. 18, 2024. Any loans not paid off by that deadline are due ...
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Canadian businesses missing payments as debt burden growsWhen the Canada Emergency Business Account (CEBA) loans came due in January, “we really saw a transition of small businesses going from those loans to instalment loans," Jeff Brown, Equifax ...
At the federal level, the main programs include: the Canada Emergency Business Account (CEBA), which offers subsidized loans to small businesses the Canada Emergency Wage Subsidy (CEWS) the Canada ...
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Liberals turn to transition plans after Mark Carney wins leadershipOTTAWA - Liberal MPs are gathering on Parliament Hill this afternoon to huddle after the party chose former Bank of Canada ...
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EDITORIAL: Time to get our priorities straightThe auditor found that 92% of CEBA-related contracts were sole-sourced to Accenture and worth $313 million. Another $29 million was split between 29 other contractors. According to a report by the ...
Nearly five years after Ontario went into lockdown to reduce the spread of COVID-19, small businesses are still struggling to pay back their Canada Emergency Business Account (CEBA) loans. Cathy Reid, ...
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