On January 12, 2022, the government extended the repayment deadline for CEBA loans. If your company’s CEBA loan is repaid by December 31, 2023, up to one third (i.e. up to $20,000 on a $60,000 loan) of the value of the loan will be forgiven.
The repayment deadline for the Regional Relief and Recovery fund has also been extended to December 31, 2023.