March 28, 2024 14:47 (IST)
Follow us:
facebook-white sharing button
twitter-white sharing button
instagram-white sharing button
youtube-white sharing button
India and China discuss border disengagement: EAM | Indian External Affairs Minister S Jaishankar discusses defence, trade while interacting with Malaysian leaders | Want to return money 'looted' from poor and attached by ED in Bengal: PM Modi tells Krishnagar BJP candidate | Congress drops Supriya Shrinate as candidate for LS polls over her remarks on Kangana Ranaut | Delhi HC refuses interim relief to Arvind Kejriwal, issues notice to ED
Government announces extension of Canada Emergency Business Account to help small businesses Canada
Pixabay

Government announces extension of Canada Emergency Business Account to help small businesses

India Blooms News Service | @indiablooms | 23 Mar 2021, 04:21 pm

Ottawa: Deputy Prime Minister and Minister of Finance, the Honourable Chrystia Freeland, and the Minister of Small Business, Export Promotion and International Trade, Mary Ng, announced that the deadline for new Canada Emergency Business Account (CEBA) applications is being extended from Mar 31 to June 30, 2021.

This deadline extension applies to any new applications for CEBA loans of $60,000 or to new applications from businesses that have already received the $40,000 loan and intend to apply for the additional $20,000, read a statement issued by the Canadian government.

The extension will allow more businesses to access the support they need as Canada’s economy continues to deal with localized public health restrictions and, for a number of businesses, reduced opening hours or reduced demand for services.

Extending the application deadline to June 2021 also aligns CEBA with the timelines of other federal government support programs for business.

The extension of the application deadline and other adjustments that the government has made to CEBA, such as introducing the non-deferrable expense stream and increasing the loan amount from $40,000 to $60,000, demonstrate the government’s commitment to stand by small businesses.

(Reporting by Suman Das)

Support Our Journalism

We cannot do without you.. your contribution supports unbiased journalism

IBNS is not driven by any ism- not wokeism, not racism, not skewed secularism, not hyper right-wing or left liberal ideals, nor by any hardline religious beliefs or hyper nationalism. We want to serve you good old objective news, as they are. We do not judge or preach. We let people decide for themselves. We only try to present factual and well-sourced news.

Support objective journalism for a small contribution.