Canada Emergency Business Account expanded

On April 16, the Government of Canada announced that upper and lower payroll limits for the Canada Emergency Business Account (CEBA) have been expanded to include more businesses. The new CEBA 2019 payroll limits are:

  • A lower limit of $20,000
  • An upper limit of $1.5 million

The government also announced its intention to establish the Canada Emergency Commercial Rent Assistance program. It will provide loans (including forgivable loans) to property owners who will in turn lower or forgo the rent of small businesses for April, May and June. Details will be announced by the government soon.