Business groups sound alarm on fast-approaching CEBA’s loan payback deadline as feds look to soften potential blow

The Canada Emergency Business Account delivered more than $49-billion to nearly 900,000 small businesses and non-profits, but Canadian Chamber of Commerce president Perrin Beatty says 'it would be tragic to have brought these businesses this far, and then to lose them 200 feet from shore.'

Deputy Prime Minister and Finance Minister Chrystia Freeland, pictured in December 2023. The deadline for businesses to repay loans and benefit from partial loan forgiveness from the Canada Emergency Business Account is Jan. 18. The Hill Times photograph by Andrew Meade

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BY MIKE LAPOINTE

January 15, 2024

With the first deadline just days away for companies to repay emergency loans made by the federal government during the COVID-19 pandemic—combined with a sluggish economy after a volatile year—business groups are expressing concerns that many smaller groups will be unabl...

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