The federal government is extending the full repayment deadline for the Canada Emergency Business Account (CEBA) loans by one year, from December 31, 2025 to December 31, 2026.
The zero-interest repayment deadline (which qualifies loan holders for partial loan forgiveness) is being extended from December 31, 2023, to January 18, 2024.
As of January 19, 2024, outstanding loans will convert to three-year term loans at 5% interest, with the full amount of the loan repayable by December 31, 2026. For more information, click on the DEADLINE image.
Source: Tourism Industry Association of Ontario (TIAO) newsletter, September 14, 2023