Canada Emergency Business Account : independent auditor's report. : FA1-27/2024-1-8E-PDF

"The Government of Canada announced the Canada Emergency Business Account (CEBA) on 27 March 2020 as part of Canada’s COVID-19 Economic Response Plan. The program provided interest free loans of $40,000 to $60,000 to eligible businesses and non-profit organizations (hereafter referred to as businesses) with $10,000 to $20,000 to be forgiven if the rest of the loan was repaid on time. The program’s objective was to help small businesses cover a variety of expenses that could not be deferred during the pandemic, such as payroll, rent, insurance, and utilities"--Introduction, page 1.

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