BREAKING: Government CEBA announcement falls short for small business 

Read the full government release here

Read CFIB's response here

See all the work CFIB has done so far to help your business with CEBA: 

CFIB has been representing small businesses throughout this long haul and continue to be right there with you. We know this has been a tough program to navigate. During the last year we:​ 

  • Collected more than 57,500 petitions ​- THANK YOU!!!

  • Sent multiple letters to all MPs,

  • Raised it in countless meetings with government MPs and officials,

  • Sent out many news releases pushing government to make further changes.

  • Got support from 3 of 4 opposition parties (NDP, BQ, Greens) and all 13 provincial and territorial premiers


A few of CFIB’s CEBA wins:

Dec 30, 2023

CEBA website clarifies that for ineligible businesses CEBA collections will:​ 

  • Be managed by the Government of Canada and not FIs.​
  • Will begin as early as the spring of 2024.​ 
  • No penalties​.
  • Consider flexible payment plans on a case-by-case basis, such as payment arrangements of up to 2 years.​ 

Sept 14, 2023

Deadline to repay the CEBA extended to Jan 18, 2024​ 

  • Extending the term loan repayment deadline by one year to Dec 31, 2026. ​ 
  • Providing an extension to March 28, 2023 to receive the forgivable portion if borrowers have documented proof of application for refinancing with their CEBA FI.​ 
  • 5% interest per annum begins January 19, 2024.

Jan 12, 2022

Government extends the CEBA repayment deadline to Dec 31, 2023. After it would convert to a 2-year term loan until 2025​. 

March 22, 2021

Government extends the payroll application deadline to Jun 30, 2021​.

Dec 4, 2020

CEBA+ expands the loan from $40,000 to $60,000 this would increase the forgivable portion from 10K to 20K​ .

Nov 2020

Government extended the application deadline to Mar 31, 2021​. 

Aug 31, 2020

CEBA application deadline is extended from Aug 31 to Oct 31, 2020​. 

Aug 26, 2020

Creation of a CEBA call centre to alleviate confusion and frustration from SMEs​. 

June 26, 2020

CEBA Non-Deferrable Expense stream launched​.

April 16, 2020

Payroll stream criteria expanded from $50,000 -$1 million to between $20,000 and $1.5 million in payroll in 2019​. 

April 9, 2020

CEBA Payroll stream launched​. 

March 17, 2020

CFIB calls government to create pandemic financial support for firms experiencing a significant drop in sales. 

Financing Options

While we caution you against rushing into a loan or financing since we hope to extend the repayment deadline, we have a list of resources to help you find the best option should the need arise.

A small business owner is using her calculator to see how she could repay her CEBA loan

Press Release

Read our latest press release: "CFIB statement on Premiers’ letter calling for a CEBA extension".

Press Release

Read our latest press release: "Not good enough: CFIB statement on CEBA extension".

Joint Letter

Read our joint letter to Deputy Prime Minister Freeland, co-signed by 250+ employer associations across Canada.

CEBA report

Read our report "Small Business Debt and CEBA: Fall Update" on the implications the federal government's CEBA repayment schedule changes could have on business owners.

Watch CFIB President, Dan Kelly, call for a better CEBA extension and join our fight!

Image of a small business owner not happy about CEBA repayment deadline with the words play-button