CEBA
The federal government extended the application deadline for the Canada Emergency Business Account (CEBA) from August 31st to October 31st, 2020. The government also announced that they were working on a solution to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that so far have been unable to apply due to not operating from a business bank account.
More details to come on the CEBA expansion for business operating without a business bank account.
If you have not already done so, consider applying for the CEBA program. CEBA provides interest-free loans of up to $40,000. You can apply for CEBA directly through your primary financial institution.
Visit our previous blogs on CEBA here and here, or the CEBA website, for more information.
CECRA – July and August extensions
On August 5th we informed you that the CECRA was extended to include the month of August. We’re happy to announce that these applications are now open! The opt-in for July and August extensions is available until September 14th, 2020, but only for previously approved applicants.
If you were previously approved for CECRA, opt-in for the July and August extensions here ASAP, as this will only be available until September 14th.
Alberta small and medium enterprise relaunch grant
The Alberta small and medium enterprise relaunch grant is still available, and will remain open for 4 weeks following the start of Stage 3 of Alberta’s Relaunch Strategy (date TBD).
More information, including eligibility and how to apply, can be found on HGA’s previous blog here, or at the Government of Alberta website.
If you qualify for the relaunch grant, submit your application ASAP.
HGA will continue to update our COVID-19 resource centre with information about government benefits and programs and more information is released.
You can find our resource centre here. If you have any questions, please contact your HGA Advisor or info@hgacpa.com.
