In order to get the full loan forgivness benefit from the CEBA, you must withdraw all the funds prior to Dec 31, 2020
The current Federal Government literature tells you to go through your existing bank to get additional loans and credit. Instead, apply DIRECTLY to the BDC
The CEBA Application is only available online through your business bank. We go over the process for every bank and point out common mistakes
The Federal Government recently released the CEBA program. While a welcome relief to hundreds of thousands of small businesses across the country, it unfairly excludes many thousands of other equally deserving businesses. Several years ago, our accountant offered us the choice of being paid by salary, dividends, or contract payments.