Today the federal government has announced that the repayment deadline to qualify for partial loan forgiveness for both the CEBA and RRRF loans is being extended from December 31, 2022, to December 31, 2023.
Both CEBA and the RRRF have helped small businesses and other organizations remain resilient and financially solvent throughout the pandemic.
For more information, please visit here.
TIAO welcomes this announcement and thanks the government for its continued support and dedication to small businesses, specifically tourism businesses. The extension is a long-term TIAO advocacy ask.