The application period for the Canadian Emergency Business Account (CEBA) has been extended to June 30, 2021.

Formerly, the deadline was March 31, 2021.

The CEBA program provides eligible businesses with a $60,000 loan, or an additional $20,000 on top of the original $40,000 which some businesses may have already been approved for under the original parameters of the CEBA program.

The CEBA program allows loan forgiveness of up to 33% if businesses repay the balance of the loan by December 31, 2021.

Businesses can apply for CEBA or the CEBA extension through their financial institution.

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