The Canada Emergency
Business Account

Applications for the federal government’s Canada Emergency Business Account (CEBA) are now closed.


Browse below to learn more about CEBA




Latest Updates

Last updated: July 20, 2021

Applications for the Canada Emergency Business Account (CEBA) are now closed

If you have applied for CEBA in the Eligible Non-Deferrable Expenses stream and have uploaded your documentation but the government requires additional information to process your application, you must upload the additional information on the government's website by Friday, September 3, 2021. If you are required to reclassify your application under the Eligible Non-Deferrable Expenses Stream, you must upload the additional information on the government’s website by Thursday, September 16, 2021.

For more information on the status of your CEBA loan application, you may check online at the Government of Canada’s CEBA Application Status Website. This site can address questions on the status of your application and how to fix any errors, if applicable. You may also contact the CEBA Call Centre at 1.888.324.4201 for the status of your application. The Call Centre is open Monday to Friday from 5:00 am to 6:00 pm Pacific Time.



Program Details

Through the CEBA program, eligible businesses and non-profits could access*:

  • A loan of up to $60,000 to help cover non-deferrable operating costs while their businesses were affected by COVID-19. The loan is interest-free until December 31, 2022.
    • Applicants who originally received $40,000 were eligible to apply for a $20,000 expansion loan if they continued to be affected by the COVID pandemic.
  • If $40,000 of the loan balance is fully repaid by December 31, 2022, the remaining $20,000 may be forgiven.
    • Businesses receiving only the original $40,000 loan will have $10,000 forgiven if $30,000 is repaid by December 31, 2022.
  • If not repaid by December 31, 2022, the loan will be extended to December 31, 2025 at 5% interest.

Program Details

Through the CEBA program, eligible businesses and non-profits could access*:

  • A loan of up to $60,000 to help cover non-deferrable operating costs while their businesses were affected by COVID-19. The loan is interest-free until December 31, 2022.
    • Applicants who originally received $40,000 were eligible to apply for a $20,000 expansion loan if they continued to be affected by the COVID pandemic.
  • If $40,000 of the loan balance is fully repaid by December 31, 2022, the remaining $20,000 may be forgiven.
    • Businesses receiving only the original $40,000 loan will have $10,000 forgiven if $30,000 is repaid by December 31, 2022.
  • If not repaid by December 31, 2022, the loan will be extended to December 31, 2025 at 5% interest.

Frequently Asked Questions

 

There were two streams through which applications were taken:

If you applied through the Payroll Stream (total employment income paid to employees in 2019 between $20,000 and $1.5 million):  We will forward your application to the Government of Canada for assessment and they will inform us whether your application has been approved or declined. We will then notify you of that decision and proceed to funding, if approved.

If you applied through the Eligible Non-Deferrable Expenses Stream: Following your application, you must provide supporting documentation of your 2020 Eligible Non-Deferrable Expenses through the CEBA Document Upload Website. This documentation is required for your application, and must be uploaded by Wednesday, July 14, 2021We will forward your application to the Government of Canada, and they will assess it along with the documentation you have provided. They will inform us whether your application has been approved or declined. We will then notify you of that decision and proceed to funding, if approved.

If the government has requested that you upload additional documentation after your application has been processed, you must upload this documentation to the CEBA Document Upload Website by Friday, September 3, 2021.



New applicants:

If your application is approved, you should expect to receive funding within 12-18 business days of application and uploading of all supporting documents.

CEBA expansion loan applicants:

If your application is approved, you should expect to receive funding within 10-14 business days of submission to the government.

Eligible Non-Deferrable Expenses include payments for:

  • Wages and other employment expenses to independent (arm’s length) third parties
  • Rent or lease for real estate used for business purposes
  • Rent or lease for capital equipment used for business purposes
  • Insurance-related costs
  • Property taxes
  • Telephone and utilities (gas, oil, electricity, water and internet) for business purposes
  • Regularly scheduled debt service
  • Independent contractors
  • Fees required to maintain licenses, authorizations or permissions necessary to conduct business
  • Materials consumed to produce a product ordinarily offered for sale by the borrower
  • Other expenses which may be added over time at https://application-demande.ceba-cuec.ca/

Other Government of Canada COVID response programs include:

  • Canada Emergency Wage Subsidy
  • 10% Temporary Wage Subsidy
  • Canada Emergency Commercial Rent Assistance
  • Regional Relief and Recovery Fund
  • Futurpreneur Canada
  • Northern Business Relief Fund
  • Fish Harvester Grant
  • Relief measures for Indigenous businesses
  • $250 million COVID-19 Industrial Research Assistance Program (IRAP) Subsidy Program
  • Canada Emergency Rent Subsidy

You will need electronic copies of receipts, invoices, or agreements that provide evidence of your 2020 Eligible Non-Deferrable Expenses. Accepted file formats are PDF, JPG, JPEG, TIFF, PNG, and GIF. If you have only a paper copy of a document, you can take a photograph and save it in one of the accepted formats, or use one of the many apps available that can convert an image into a PDF.  If you do make use of third party software you should investigate it to ensure that it is safe and secure.

Please note that the government’s document upload website does not presently work with the Internet Explorer browser. We are not currently aware of any plans to support Internet Explorer.  To access the site, you can use Chrome, Firefox, Edge or Safari. If you have any questions about the technical requirements for upload, please visit the government’s FAQ at https://ceba-cuec.ca/faq/.

The application process is now closed, and the Government of Canada is no longer accepting new applications. 

For new applications submitted in the Eligible Non-Deferrable Expenses stream before June 30, 2021, documents were required to have been uploaded by Wednesday, July 14, 2021.

For applications in the Eligible Non-Deferrable Expenses stream where the government requested additional documentation be submitted, this additional documentation must be uploaded by Friday, September 3, 2021.

For applications that were required to reclassify under the Eligible Non-Deferrable Expenses Stream, an attestation must be completed and documentation must be uploaded by Thursday, September 16, 2021.


You are required to meet all eligibility criteria for the loan, as detailed in the application, including an acknowledgment that the funds from this loan will only be used to pay for non-deferrable operating expenses. In the initial application, you would have been required to make an attestation that you meet these criteria, which is subject to verification and audit. If you applied for the CEBA expansion loan, you would have been required to make a new attestation that you continue to meet these criteria, and that the initial attestation continues in full force. All applications are subject to approval and funding availability through the CEBA program.

In addition, for CEBA applications through the Eligible Non-Deferrable Expenses Stream, you need to upload documentation of those expenses at the CEBA website before the government can process your application.

The CEBA eligibility criteria were set by the federal government. For questions related to the government’s eligibility criteria, please visit https://ceba-cuec.ca, a website set up by Export Development Canada, the program’s administrator, for this purpose.

Given the unpredictability of the COVID-19 pandemic, it may make sense for you to hold on to your CEBA funds as a contingency, especially as the loan is interest-free until December 31, 2022. 

If you would like to make payments on the loan, please reach out to your Small Business Relationship Manager.

Borrowers who received $60,000 in CEBA funds:

For borrowers who took out the full $60,000 CEBA loan, whether as a new applicant or through the original CEBA loan plus the expansion loan, the program provides for forgiveness of 1/3 of the loan if 2/3 of the original balance is paid on or before December 31, 2022. To have $20,000 of your $60,000 loan forgiven, simply repay $40,000 on or before December 31, 2022.

Please note: The full $40,000 must be repaid before any of the loan balance will be forgiven.

Borrowers who received $40,000 in CEBA funds:

For borrowers who took the original $40,000 CEBA loan before December 2020 and did not apply for an expansion loan, $10,000 of the loan will be forgiven if $30,000 is paid on or before December 31, 2022.

Borrowers who repaid the original $40,000 loan before December 2020 and received the $20,000 expansion loan:

Members who received the $20,000 CEBA expansion loan after having fully repaid their original $40,000 CEBA loan will have $10,000 of their expansion loan forgiven if the additional $10,000 is paid on or before December 31, 2022.

The forgivable portion of a CEBA loan is included in taxable income when the loan is received. However, according to the Government of Canada, the forgivable portion of a CEBA loan is not included in qualifying revenue for the purposes of CEWS.  This information is provided for general purposes and Coast Capital is not responsible for any actions taken based on this information. We strongly recommend consulting with appropriate tax advisors prior to taking any action based on this information. To learn more, see Question 6-2.3 on the government’s CEWS FAQ.