On August 31st, Deputy Prime Minister and Minister of Finance Chrystia Freeland announced the extension of the Canada Emergency Business Account (CEBA) to October 31st, 2020. This will give small businesses 2 additional months to apply for the $40,000 loan.
In addition, the Federal Government said it was working with financial institutions to make the CEBA program available to those with qualifying payroll or non-deferrable expenses that have so far been unable to apply due to not operating from a business banking account.
http://coreplan.net/wp-content/uploads/2020/09/CEBA_extended_to_Oct_31_and_expanded@2x.png6401000CorePlan Financial Inc.http://coreplan.net/wp-content/uploads/2018/06/dualLogo3.jpgCorePlan Financial Inc.2020-09-01 16:44:542020-09-02 00:15:13CEBA extended to October 31st. Expanded to include more businesses.
One of the financial planning issues that business owners face is how to access their corporate earnings in a tax efficient way. Please contact us to learn how we can get more money in your pocket than in the government's.
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