Entrepreneurship & Small Business

Does T4A amount qualify for CEBA?

  • Last Updated:
  • Apr 16th, 2020 7:33 pm
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[OP]
Sr. Member
Oct 28, 2015
943 posts
335 upvotes
Nobleton, ON

Does T4A amount qualify for CEBA?

My T4 payroll of 2019 is $20K, but however my total T4A payout is around $100K to other subcontractors, does my Incorporate qualify the CEBA? on the webpage, it says Payroll amount between $50k to $1M $ .Thanks
Last edited by xuanzh on Apr 15th, 2020 9:46 am, edited 1 time in total.
2 replies
Member
Jan 18, 2017
291 posts
201 upvotes
For the moment, it appears the CEBA loans are exclusively for businesses with a T4 Summary totalling between $50k and $1mil.

There are rumours that this will be changed in the near future, but we have to wait and see.
xuanzh wrote: My T4 payroll of 2019 is $20K, but however my total T4A paylout is around $100K to other subcontractors, does my Incorporate qualify the CEBA? on the webpage, it says Payroll amount between $50k to $1M $ .Thanks
______
Canadian & US tax guy (CPA)
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Nov 23, 2014
497 posts
466 upvotes
Toronto, ON
xuanzh wrote: My T4 payroll of 2019 is $20K, but however my total T4A payout is around $100K to other subcontractors, does my Incorporate qualify the CEBA? on the webpage, it says Payroll amount between $50k to $1M $ .Thanks
Good News !

You are now eligible with the amended rules

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