Legislative Costing Note

Extension of repayment deadline and interest-free period for CEBA loans

Oct 17, 2023
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Extending the deadline to repay Canada Emergency Business Account (CEBA) loans from December 31, 2023 to January 18, 2024; extending the interest-free period until that same deadline; and, granting a further grace period for repayment to March 28, 2024 for CEBA loan holders that submit a refinancing loan application to the financial institution that provided their CEBA loan by January 18, 2024.