The Government of Canada recently announced the Canada Emergency Business Account (CEBA) Benefit that will support small businesses affected by COVID-19.
CEBA will provide interest-free loans, of up to $40,000, to small businesses and non-profit organizations to help cover their operating costs during this time where revenues have been temporarily reduced. Raymore Credit Union will be able to offer the CEBA Benefit by the end of April for our existing small business owners.
The Important Details:
If you feel your business qualifies for this, you can prepare by locating you’re your 2019 T4 Summary of Remuneration Paid Statement. If you cannot locate it please contact CRA and have one re-issued.
For more information on the Saskatchewan Small Business Emergency Payment Program please visit the Government of Canada website
Click on the PDF link below for more Q&A regarding the CEBA ProgramView PDF