Canada Emergency Business Account

Canada Emergency Business Account (CEBA) was made available by the Government of Canada and Export Development Canada (EDC) to support businesses and non-profits adversely affected by COVID-19. Through the program, eligible businesses and non-profits were provided financial support (through the form of a loan) to cover short term operating expenses, payroll, and other non-deferrable expenses to help sustain business continuity.

The Government of Canada has stopped accepting applications for the CEBA loans as of July 1, 2021, but we are continuing to provide support to members with funded and outstanding CEBA loans.

For further information or support with your CEBA loan, please contact our Business Services Team.


Repayment terms after January 18th, 2024:

  • A rate of 5% interest per annum will accrue on the balance of the loan.
  • Interest due monthly
  • Full repayment (including principal and interest) is due and payable on December 31, 2026.

All program eligibility determinations, application outcomes and repayment deadlines are now final and cannot be changed. No organization involved in administering the CEBA program has the authority to grant exceptions to the CEBA eligibility criteria, including your financial institution.

More general information about the program as well as frequently asked questions are available on Government of Canada CEBA page here.

For more information on our other business products and services click here.