Business

CEBA available to assist businesses

By Richmond Sentinel

Published 4:20 PST, Wed November 4, 2020

Last Updated: 1:48 PST, Fri November 20, 2020

The federal government this week announced that the Canada Emergency Business Account (CEBA) will be available to businesses that have been operating out of a non-business banking account.

To be eligible, businesses must have been operating as a business as of March 1, 2020, must successfully open a business account at a Canadian financial institution that is participating in CEBA, and meet the other existing CEBA eligibility criteria. The deadline to apply for CEBA is Dec. 31.

CEBA is part of the goverment’s economic response plan to help Canadians and Canadian businesses deal with the COVID-19 pandemic. The measures under this plan are helping businesses keep their doors open, keep their employees on payroll, protect the jobs that Canadians depend on, and recover quickly when the time comes.

For more details, click here.

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