CEBA Loan Repayment
If you have an outstanding balance (other than the amount available to be forgiven) on your CEBA loan as of January 19, 2024:
- You will no longer qualify for loan forgiveness
- Interest on the outstanding balance will commence on January 19, 2024
- The maturity date on which your loan is due and payable in full will be December 31, 2026
These terms have been set by the Government of Canada and are non-negotiable if you do not pay out the CEBA loan by January 18, 2024.
For more information about the repayment process, visit the Government of Canada website.
Important Note: If your business is not eligible for loan forgiveness
If your business has been informed that it is not eligible for the loan forgiveness and is required to repay your CEBA loan in full, the repayment deadline of December 31, 2023 has not changed.