CEBA Expanded, Rent Support Coming Soon
Yesterday the Government of Canada announced that upper and lower payroll limits for the Canada Emergency Business Account (CEBA) have been expanded to include more businesses. The new CEBA 2019 payroll limits are:
- A lower limit of $20,000
- An upper limit of $1.5 million
The government also announced its intention to establish the Canada Emergency Commercial Rent Assistance program. It will provide loans (including forgivable loans) to property owners who will in turn lower or forgo the rent of small businesses for April, May and June. Details will be announced by the government soon.
Participate In The Canadian Survey On Business Conditions
The deadline for participation has been further extended to Wednesday, April 22. Just a few minutes of your time will help shape the policies of Canada’s COVID-19 recovery efforts.