CEBA Loan Forgiveness Repayment Deadline Extended
CEBA Loan Forgiveness Repayment Deadline Extended January 13, 2022 On January 12, 2022, the government of Canada announced that the repayment deadline for the Canada
The deadline for application of the Canada Emergency Wage Subsidy (CEWS) for periods one through five is Sunday, January 31, 2021, which is just 23 days away!
The date ranges for periods one through five are:
For assistance with calculating your CEWS for the periods mentioned above, please contact us today to ensure your application is completed before the deadline.
Eligibility requirements:
In order to evaluate your eligibility, we will require your monthly income reports from January 1, 2020, to July 31, 2020, as well as your income reports for the corresponding 2019 periods.
If it is determined that you are eligible, we will also require your payroll details from January 1, 2020, to August 1, 2020.
Other periods currently open for application:
The deadline to file a for a given period is 180 days after the ending date for that period.
For instance:
Other upcoming periods:
To learn more about the periods you can apply for as part of the Canada Emergency Wage Subsidy, please click here.
If you would like more information on this topic, please contact a member of the Empire CPA team by filling out the contact form below.
Canadian and foreign tax laws are complex and have a tendency to change on a frequent basis. As such, the content published above is believed to be accurate as of the date of this post. Before implementing any tax planning, please seek professional advice from a qualified tax professional. Empire, Chartered Professional Accountants will not accept any liability for any tax ramifications that may result from acting based on the information contained above.
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