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.