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News COVID-19 Updates
Government announces greater flexibility and extension of CEBA


September 2, 2020
By Fruit and Vegetable

The Deputy Prime Minister and Minister of Finance, Chrystia Freeland, announced that the application deadline for the Canada Emergency Business Account (CEBA) is extended from August 31 to October 31, 2020.

The government states it is working closely 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.

In mid-July, The Western Producer reported that the federal government had no clear numbers on how many farm operators have been able to benefit from CEBA. Not operating from a business banking account remained a barrier for many to be able to access CEBA.

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Further details on these changes will be released in coming days, according to the Government of Canada’s release, including a new business account opening process through which qualifying businesses will be able to apply.

The Deputy Prime Minister is also announcing that the Business Credit Availability Program (BCAP) is extended to June 2021. Through BCAP, the government is supporting the flow of additional credit that businesses need to maintain operations and keep employees on the payroll. Export Development Canada (EDC) and the Business Development Bank of Canada (BDC) will continue to work with lenders to support access to capital for Canadian businesses of all sizes in all sectors and regions.


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1 Comment » for Government announces greater flexibility and extension of CEBA
  1. R.Hughes says:

    Thank you, for the update on CEBA, I think the government is doing a tremendous job in trying to help all Canadians during this pandemic.
    However, as a small Ma & Pa retail business, in Oakville, Ontario I feel
    really frustrated that the government constantly vows to help all small businesses through this crisis. As we are holding on by a thin thread.
    We applied for CEBA end of July 2020, and have still not heard a word from the government with regards to our application. We told by our bank that we should apply as we qualified, but still nothing. The bank was kind enough to submit our application, but we have heard nothing back. I have tried to contact direct, and get a message machine saying to leave your number once and someone will respond. Still nothing. We are becoming more desperate as this pandemic continues to grow. As our Premier has advised all people to go out Only when necessary, it makes it very difficult messaging to the consumer to come out and support your local retailers, when in fact you rely on their support to survive. I hope the government has learned from this first wave and will make funding more accessible to retailers and all small businesses. Sooner than later, we all need help now

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