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ARTICLE · 31 JANUARY 2024

CEBA And RRRF Loan Deadline Extension

Crowe
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As the prevalence of COVID-19 decreases, so does the need for Government assistance programs. Crowe MacKay's trusted advisors share an update on the CEBA...

CanadaTax
Crowe MacKay LLP
Crowe MacKay LLP
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As the prevalence of COVID-19 decreases, so does the need for Government assistance programs. Crowe MacKay's trusted advisors share an update on the CEBA and RRRF loan repayment deadline extension as well as which programs should be reported on your income tax return.

CEBA and RRRF Loan Deadline Extension

As the prevalence of COVID-19 lessens, so does the need for Government assistance programs. Crowe MacKay's trusted advisors share an update on the CEBA and RRRF loan repayment deadline extension.

The Federal Government extended the deadline for repayment of the Canada Emergency Business Account (CEBA) loans to qualify for partial forgiveness from December 31, 2023, to January 18, 2024, for eligible borrowers in good standing. For CEBA loan holders who make a refinancing application with the financial institution that provided their CEBA loan by January 18, 2024, the repayment deadline to qualify for partial loan forgiveness now includes a refinancing

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