Expansion to CEBA: More business owners to benefit from financial aid

Apr 16, 2020 | 8:41 AM

OTTAWA— More businesses across Canada will now be eligible for financial help according to the Prime Minister.

In today’s (Apr.16) address to Canadians, Prime Minister Justin Trudeau announced that the Canadian Government would expand it’s Canada Emergency Business Account (CEBA).

The expansion will help support even more businesses get the financial help they need in order to help ease the financial burden in place due to COVID-19.

The government is increasing and decreasing the eligibility threshold, allowing companies who spent between $20,000 to $1.5 million in total payroll in 2019 to be eligible for the CEBA.

Trudeau mentioned that he will be chatting with provincial leaders from the province’s and territories today about the Canada Emergency Commercial Rent Assistance, which would help small businesses pay rent from April through June—more information on the rent assistance will be announced soon, according to Trudeau.

Commercial fire

Commercial fire on Hart Highway causes $150k in damages

3h ago

Fatal MVI

RCMP suspect alcohol a factor in fatal MVI near Smithers

4h ago

DRIPA suspension

Private property concerns highlighted as province suspends parts of DRIPA

20h ago

“We cannot let the progress we’ve made go to waste…so let’s keep following public health recommendations.”—Justin Trudeau

The Prime Minister once again reiterating that Canadians must continue to follow orders in place by Canadian Health Officials, saying that it will be weeks before we begin talking about going back to “normal.”

by Veronica Beltran

Click here to report an error or typo in this article

Expansion to CEBA: More business owners to benefit from financial aid

What's Trending