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Gregory, Harriman & Associates LLP Blog

The "Do's" and "Don'ts" of CEBA Fund Use

Many Canadian businesses have already applied for the Canada Emergency Business Account (CEBA) loan since applications began being accepted by the federal government on April 9, 2020. The CEBA loan was announced as a relief measure in response to the COVID-19 pandemic. The loan of up to $40,000 is interest free and up to 25% ($10,000) can be forgiven if repaid by December 31, 2022 provided that certain other conditions are met.

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Overview of COVID-19 Benefits and Other Relief Measures (Updated May 19, 2020)

In response to the COVID-19 emergency, and its significant impact on the well-being of Canadian individuals, businesses, and other organizations alike, both the Canadian federal government, and Alberta government have introduced measures intended to assist Canadians in getting through this difficult time. Many of the measures are financial in nature and widely available. The purpose of this article is to summarize some of the many important benefits introduced to date and provide some guidance on what you need to do to ensure that you or your business are taking full advantage of the relief available.

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Guide to The Canada Emergency Wage Subsidy (CEWS) for Employers (Updated May 27, 2020)

The Canada Emergency Wage Subsidy (CEWS) for employers was implemented by the passing of Bill C-14 on April 11, 2020. The subsidy is widely accessible to employers of all sizes and across all sectors of the economy, with the exception of public sector entities. It is intended to support businesses that are hardest hit by the COVID-19 pandemic and would help protect the jobs Canadians depend on during these difficult times.

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