With the deadline to repay pandemic loans and receive partial forgiveness soon approaching, small businesses in Canada are still hoping for another year of CEBA loan forgiveness extension, reports CityNews.
The federal government has made several changes to the Canada Emergency Business Account (CEBA) program to provide more flexibility to businesses recovering from the pandemic. The government extended the deadline to repay the loans an additional year to 31DEC 2023, then pushed the deadline to be eligible for CEBA loan forgiveness another few weeks to alleviate pressure during the holiday season.
However, the chances of another extension are dwindling with just over two months until the deadline.
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