CEBA extended to October 31st. Expanded to include more businesses.

On August 31st, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced the extension of the Canada Emergency Business Account (CEBA) to October 31st, 2020. This will give small businesses 2 additional months to apply for the $40,000 loan.

In addition, the Federal Government said it was working with financial institutions to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that have so far been unable to apply due to not operating from a business banking account.

Apply online at the financial institution your business banks with:

• TD: https://www.td.com/ca/en/personal-banking/covid-19/small-business-relief/ 

• Scotiabank: https://www.scotiabank.com/ca/en/personal/scotia-support/latest-updates/business-banking/small-business/supporting-our-customers-is-our-top-priority.html 

• BMO: https://www.bmo.com/small-business/financial-relief-loc/#/login?PID=MBLBC&language=en 

• CIBC: https://www.cibc.com/en/business/advice-centre/covid-19/canada-emergency-business-account/now-available.html 

• RBC:https://www.rbc.com/covid-19/business.html 

• National Bank: https://www.nbc.ca/forms/business/covid-emergency-account.html 

• HSBC: https://www.hsbc.ca/1/2//applications/business-apply 

• Canadian Western Bank: https://www.cwbank.com/en/news/2020/canada-emergency-business-account-now-available (via phone/email)