In this week’s Speech from the Throne, Her Excellency the Right Honourable Julie Payette, Governor General of Canada, opened the second session of the 43rd Parliament and outlined the government’s agenda, which included extensions to both the Canada Emergency Wage Subsidy and the Canada Emergency Business Account programs.
While the throne speech did not mention if the eligibility or access rules would change, but Payette said the government will work with businesses and labour to ensure the program “meets the needs of the health and economic situation as it evolves.” Program eligibility has been confimed until Period 9 (November 2020), but based on the throne speech, it can be expected to be available in some form until Summer 2021.
Her Excellency stated that the federal government would expand the Canada Emergency Business Account (CEBA) to:
To learn more about the loan program, visit our program overview.
We're rolling updates into regular e-mail briefings for business leaders. If you're interested, please subscribe here: