{"id":37114,"date":"2023-09-15T16:29:22","date_gmt":"2023-09-15T20:29:22","guid":{"rendered":"https:\/\/www.cccc.org\/news_blogs\/?p=37114"},"modified":"2023-09-18T08:56:46","modified_gmt":"2023-09-18T12:56:46","slug":"canada-emergency-business-account-ceba-loan-extension","status":"publish","type":"post","link":"https:\/\/cccc.org\/news_blogs\/cccc\/2023\/09\/15\/canada-emergency-business-account-ceba-loan-extension\/","title":{"rendered":"Canada Emergency Business Account (CEBA) Loan Extension"},"content":{"rendered":"\n<p>The latest extension to the Canada Emergency Business Account (CEBA) could provide relief for Canadian charities. By extending the repayment deadline and offering a refinancing option, the government has provided these eligible organizations with valuable extra time to recover from the financial straits brought about by the pandemic.<\/p>\n\n\n\n<p>First introduced in 2020, the CEBA program provided eligible small businesses and not-for-profits interest-free loans to help cover their operating costs during a period where their revenues had been temporarily reduced, due to the economic impacts of COVID-19.<\/p>\n\n\n\n<p>The repayment deadline to qualify for partial loan forgiveness of up to 33 per cent had previously been extended from December 31, 2022, to December 31, 2023<sup>1<\/sup>. The government is now extending it further to January 18, 2024. The Department of Finance has announced, \u201cFor CEBA loan holders who make a refinancing application with the financial institution that provided their CEBA loan by January 18, 2024, the repayment deadline\u2026now includes a refinancing extension until March 28, 2024.\u201d<sup>2<\/sup><br><br>For more details on this change including the interest rate and repayment terms for those granted a refinancing extension, see the announcement from the Department of Finance <a href=\"https:\/\/www.canada.ca\/en\/department-finance\/news\/2023\/09\/canada-emergency-business-account-government-extends-repayment-and-partial-loan-forgiveness-deadlines.html\" target=\"_blank\" rel=\"noreferrer noopener\">here<\/a>.<\/p>\n\n\n\n<p>_______________________________________________________<\/p>\n\n\n\n<p><sup>1 <\/sup>Department of Finance Canada: <a href=\"https:\/\/www.canada.ca\/en\/department-finance\/news\/2022\/01\/government-extends-loan-forgiveness-repayment-deadline-for-the-canada-emergency-business-account.html\" target=\"_blank\" rel=\"noreferrer noopener\">Government extends loan forgiveness repayment deadline for the Canada Emergency Business Account<\/a><br><sup>2<\/sup> Department of Finance Canada: <a href=\"https:\/\/www.canada.ca\/en\/department-finance\/news\/2023\/09\/canada-emergency-business-account-government-extends-repayment-and-partial-loan-forgiveness-deadlines.html\" target=\"_blank\" rel=\"noreferrer noopener\">Canada Emergency Business Account: Government extends repayment and partial loan forgiveness deadlines<\/a><\/p>\n","protected":false},"excerpt":{"rendered":"<p>The latest extension to the Canada Emergency Business Account (CEBA) could provide relief for Canadian charities. By extending the repayment deadline and offering a refinancing option, the government has provided these eligible organizations with valuable extra time to recover from the financial straits brought about by the pandemic. First introduced&#8230; <a href=\"https:\/\/cccc.org\/news_blogs\/cccc\/2023\/09\/15\/canada-emergency-business-account-ceba-loan-extension\/\" class=\"linkbutton\">More<\/a><\/p>\n","protected":false},"author":9,"featured_media":37116,"comment_status":"open","ping_status":"open","sticky":false,"template":"","format":"standard","meta":{"ts_fic_featured_image_caption":"Picture of Canadian money, bills and coins","_jetpack_memberships_contains_paid_content":false,"footnotes":""},"categories":[137],"tags":[717,240,435,497],"series":[],"class_list":["post-37114","post","type-post","status-publish","format-standard","has-post-thumbnail","hentry","category-uncategorized","tag-ceba","tag-charities","tag-covid-19","tag-federal"],"yoast_head":"<!-- This site is optimized with the Yoast SEO plugin v27.3 - https:\/\/yoast.com\/product\/yoast-seo-wordpress\/ -->\n<title>Canada Emergency Business Account (CEBA) Loan Extension - CCCC Blogs<\/title>\n<meta name=\"robots\" content=\"index, follow, max-snippet:-1, max-image-preview:large, max-video-preview:-1\" \/>\n<link rel=\"canonical\" href=\"https:\/\/mail.cccc.org\/news_blogs\/cccc\/2023\/09\/15\/canada-emergency-business-account-ceba-loan-extension\/\" \/>\n<meta property=\"og:locale\" content=\"en_US\" \/>\n<meta property=\"og:type\" content=\"article\" \/>\n<meta property=\"og:title\" content=\"Canada Emergency Business Account (CEBA) Loan Extension - CCCC Blogs\" \/>\n<meta property=\"og:description\" content=\"The latest extension to the Canada Emergency Business Account (CEBA) could provide relief for Canadian charities. By extending the repayment deadline and offering a refinancing option, the government has provided these eligible organizations with valuable extra time to recover from the financial straits brought about by the pandemic. First introduced... 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The previous deadline of December 31, 2015 has now been extended to February 29, 2016. Furthermore, the deadline for declaring the\u2026","rel":"","context":"In &quot;Charity law and policy&quot;","block_context":{"text":"Charity law and policy","link":"https:\/\/cccc.org\/news_blogs\/category\/charity-law-and-policy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]},{"id":28823,"url":"https:\/\/cccc.org\/news_blogs\/legal\/2020\/03\/24\/covid-19-t3010-filing-extension-cccc-resources\/","url_meta":{"origin":37114,"position":2},"title":"COVID-19: T3010 Filing Extension &#038; CCCC Resources","author":"Deina Warren","date":"March 24, 2020","format":false,"excerpt":"In response to changing circumstances related to COVID-19, the public and private sectors are finding ways to adapt, including by extending deadlines and moving to online services. CRA Charities Directorate is no exception. It recently announced the deadline for\u00a0all\u00a0T3010 filings due between March 18, 2020 - December 31, 2020 will\u2026","rel":"","context":"In \"charities\"","block_context":{"text":"charities","link":"https:\/\/cccc.org\/news_blogs\/tag\/charities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/cccc.org\/news_blogs\/wp-content\/uploads\/2020\/03\/20200324-covid-19-FINAL.jpg?resize=350%2C200&ssl=1","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/cccc.org\/news_blogs\/wp-content\/uploads\/2020\/03\/20200324-covid-19-FINAL.jpg?resize=350%2C200&ssl=1 1x, https:\/\/i0.wp.com\/cccc.org\/news_blogs\/wp-content\/uploads\/2020\/03\/20200324-covid-19-FINAL.jpg?resize=525%2C300&ssl=1 1.5x, https:\/\/i0.wp.com\/cccc.org\/news_blogs\/wp-content\/uploads\/2020\/03\/20200324-covid-19-FINAL.jpg?resize=700%2C400&ssl=1 2x"},"classes":[]},{"id":38320,"url":"https:\/\/cccc.org\/news_blogs\/legal\/2025\/01\/06\/prorogation-and-donation-receipts\/","url_meta":{"origin":37114,"position":3},"title":"Prorogation and Donation Receipts (Updated Jan 23, 2025)","author":"Deina Warren","date":"January 6, 2025","format":false,"excerpt":"What does prorogation mean for the government\u2019s proposed donation receipt extension? UPDATE (January 23, 2025) Both the CRA and Department of Finance have released further information about the donation receipt extension. Updated CRA Information CRA has released information focusing on the administrative side of the extension both for donors and\u2026","rel":"","context":"In \"charities\"","block_context":{"text":"charities","link":"https:\/\/cccc.org\/news_blogs\/tag\/charities\/"},"img":{"alt_text":"","src":"https:\/\/i0.wp.com\/cccc.org\/news_blogs\/wp-content\/uploads\/2025\/01\/buddha-elemental-3d-y51dUONfwMc-unsplash-scaled.jpg?fit=1200%2C686&ssl=1&resize=350%2C200","width":350,"height":200,"srcset":"https:\/\/i0.wp.com\/cccc.org\/news_blogs\/wp-content\/uploads\/2025\/01\/buddha-elemental-3d-y51dUONfwMc-unsplash-scaled.jpg?fit=1200%2C686&ssl=1&resize=350%2C200 1x, https:\/\/i0.wp.com\/cccc.org\/news_blogs\/wp-content\/uploads\/2025\/01\/buddha-elemental-3d-y51dUONfwMc-unsplash-scaled.jpg?fit=1200%2C686&ssl=1&resize=525%2C300 1.5x, https:\/\/i0.wp.com\/cccc.org\/news_blogs\/wp-content\/uploads\/2025\/01\/buddha-elemental-3d-y51dUONfwMc-unsplash-scaled.jpg?fit=1200%2C686&ssl=1&resize=700%2C400 2x, https:\/\/i0.wp.com\/cccc.org\/news_blogs\/wp-content\/uploads\/2025\/01\/buddha-elemental-3d-y51dUONfwMc-unsplash-scaled.jpg?fit=1200%2C686&ssl=1&resize=1050%2C600 3x"},"classes":[]},{"id":29004,"url":"https:\/\/cccc.org\/news_blogs\/legal\/2020\/04\/21\/covid-19-cra-charities-directorate-resumes-call-centre-operations\/","url_meta":{"origin":37114,"position":4},"title":"COVID-19: CRA Charities Directorate Resumes Call Centre Operations","author":"Deina Warren","date":"April 21, 2020","format":false,"excerpt":"The Charities Directorate announced today that its call centre has resumed operations. Hours of operation are Monday to Friday (except statutory holidays),\u00a09am -\u00a05 pm, local time at 1-800-267-2384. The news release notes that the Directorate is working toward a gradual resumption of other services, such as online registrations. 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The Government has promised to match every dollar donated by individual Canadians to registered Canadian charities, up to $100 million, in order to bring\u2026","rel":"","context":"In &quot;Charity law and policy&quot;","block_context":{"text":"Charity law and policy","link":"https:\/\/cccc.org\/news_blogs\/category\/charity-law-and-policy\/"},"img":{"alt_text":"","src":"","width":0,"height":0},"classes":[]}],"jetpack_shortlink":"https:\/\/wp.me\/p30X8p-9EC","jetpack_sharing_enabled":true,"jetpack_likes_enabled":true,"_links":{"self":[{"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/posts\/37114","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/types\/post"}],"author":[{"embeddable":true,"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/users\/9"}],"replies":[{"embeddable":true,"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/comments?post=37114"}],"version-history":[{"count":0,"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/posts\/37114\/revisions"}],"wp:featuredmedia":[{"embeddable":true,"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/media\/37116"}],"wp:attachment":[{"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/media?parent=37114"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/categories?post=37114"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/tags?post=37114"},{"taxonomy":"series","embeddable":true,"href":"https:\/\/cccc.org\/news_blogs\/wp-json\/wp\/v2\/series?post=37114"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}