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The 40K CEBA
Question:How do I pay back the 40K CEBA?Do I go to the bank and pay it or there is a different procedure for it?Thank you
- nabilbb
- Jun 28th, 2021 12:47 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Jun 28th, 2021 12:47 pm
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Please delete
please delete
- islander59
- Jun 16th, 2021 6:57 pm
- Forum: Credit Cards
- Credit Cards
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Jun 16th, 2021 6:57 pm
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CEBA - Haven't filed 2019 Taxes, 2019 Payroll $20,000
Hi guysTotally my fault for being disorganized with my accounting. I haven't filed 2019 taxes and my 2018 only has $13k in payroll. My accountant is currently doing my 2019 bookkeeping however I'm not sure if we can make it for the March 31, 2021 deadline. Do I have any other options?
- chinaboy1021
- Mar 21st, 2021 1:26 am
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Mar 21st, 2021 1:26 am
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CEBA Eligibility (Software Consultant)
I'm having trouble deciding whether I should apply to CEBA (40K) or not. I have a corporation, but I'm the only employee. I lost one of my contracts because of COVID, and I didn't work for one month. Do I qualify? Should I apply?
- mike9870
- Dec 10th, 2020 10:38 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Dec 10th, 2020 10:38 pm
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CEBA loan - please explain payroll stream.
This CEBA thing. You either apply because you have fixed non-deferrable costs (like property tax or rent) or because of your payroll. My questions are: a) don't some or many business have both property taxes / rent AND payroll? ...
- S0meGuy
- Dec 4th, 2020 9:43 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Dec 4th, 2020 9:43 pm
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Is there any reason NOT to apply for CEBA for small businesses?
As i understand it CEBA is designewd to help boost business and offset expenses during these COVID times.Would there be any reason not to apply for CEBa?
- thatsnazzyiphoneguy
- Nov 29th, 2020 9:19 pm
- Forum: Personal Finance
- Personal Finance
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Nov 29th, 2020 9:19 pm
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CEBA - can you claim Net Business Income?
Hi all,Question regarding CEBA:-self-employed and don't have payroll go get my income from business (don't have T4, just keep dividends)-non-deferrable expenses for 2020 are close to $40,000 but can I claim/add the New Business income (which is in fact my salary) in order to qualify for CEBA?TIA
- ChrisB93093
- Oct 15th, 2020 5:43 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Oct 15th, 2020 5:43 pm
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CEBA Eligiblity
Hello there, Currently, I utilize two accountants and am receiving conflicting information from both as one says that I'm eligible for the CEBA loan whereas another says I'm not. Can't find any confirmation on the official CEBA website so I thought I'd post here before consulting an external ...
- kostakosta
- Oct 13th, 2020 12:35 pm
- Forum: Personal Finance
- Personal Finance
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Oct 13th, 2020 12:35 pm
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*
wrong forum
- kostakosta
- Oct 13th, 2020 12:11 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Oct 13th, 2020 12:11 pm
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CEBA Expanded-Additional $20k Loan
CEBA is also expanded and will make available to small businesses additional loans of $20,000, with $10,000 of those eligible to be turned into forgivable loans if you can pay by 31 Dec 2022You can avail another $20k CEBA loan if you have already received $40k loan
- unodos
- Oct 9th, 2020 12:56 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Oct 9th, 2020 12:56 pm
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CEBA Question
Hi all,I was wondering if corporate income taxes owed from 2019 and installment payments for 2020 can be considered eligible non-deferrable expenses?
- Faith786
- Sep 15th, 2020 10:06 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Sep 15th, 2020 10:06 pm
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who here is doing FINE during the pandemic and has NOT applied for the CERB or CESB or CEBA
We all hear from the people who are AFFECTED during this covid-19 pandemic, and yes its very depressing and upsetting that this whole pandemic is causing people to lose their jobs or cut into their education and what not. I totally feel sorry for you guys and I personally know people who were lost t...
- GoodFellaz
- Sep 3rd, 2020 1:19 pm
- Forum: Personal Finance
- Personal Finance
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Sep 3rd, 2020 1:19 pm
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CEBA on hold for more than 4 hours?
Did anyone succeeded to talk to the agent? Since last Friday I'm trying to get an update on my application... gave up after 4 and a half hours on hold on Friday. Called on Monday, waited for one and a half hour, and today (Tuesday) called at 8:02 and still on hold😕 my phone shows 03:39:30(( I'm just...
- Ripper
- Sep 1st, 2020 11:45 am
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Sep 1st, 2020 11:45 am
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Got CEBA 2 months ago - still unable to survive - Bankruptcy an option?
... ( two employees including me) and due to COVID and JOB loss ( for more than 6 months now), unable to survive and unable run my business. Got CEBA from CIBC bank and the funds got over as well. Do I have the option of filing bankruptcy for my incorporation? If yes, then what about the CEBA? ...
- MightyThanos
- Aug 10th, 2020 12:58 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Aug 10th, 2020 12:58 pm
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CEBA With TD phase 3
Has anyone applied for the CEBA over the last couple weeks with TD. Since the new application open I qualify as a sole proprietor with over 40k expense for 2020. I applied Sunday and it all went through on the bank application then I uploaded ...
- SheilaEricR17534
- Jul 14th, 2020 1:54 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Jul 14th, 2020 1:54 pm
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TD CEBA application declined?
My TD CRBA application just got declined with no specific reasons even though I think my business is eligible under the new requirements.I don’t mind re-applying but would like to know what’s wrong with my original application, what should I do? Thanks!
- SojuSoldier89
- Jul 5th, 2020 8:53 am
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Jul 5th, 2020 8:53 am
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How Do You Report CEBA FRAUD???
... Student Benefit (CESB), and Canada Emergency Wage Subsidy (CEWS). The CRA does NOT accept fraud reports for Canada Emergency Business Account (CEBA). An unsavoury acquaintance recently boasted he applied for the $40,000 CEBA "just for laughs" using a long dormant and inactive sole ...
- Guest5666777784
- Jun 30th, 2020 3:35 pm
- Forum: Personal Finance
- Personal Finance
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Jun 30th, 2020 3:35 pm
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CEBA - new requirements
I read if you have more than $40K of non-deferrable expenses, you would qualify for CEBA even if you have payroll of less than $20K. Is there any specific period for those expenses?I couldn't find the details on the government website.
- fbjin01
- Jun 9th, 2020 2:46 am
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Jun 9th, 2020 2:46 am
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TD Bank appears to be making up their own rules for the governments CEBA small business loan.
I applied for the CEBA government backed $40,000. loan thru TD Bank. The Canadian Government's CEBA website make reference to conditions on what the loan monies can be used for such as rent, payroll, utilities etc. TD Banks deposited ...
- regrus
- Jun 6th, 2020 9:23 pm
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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Jun 6th, 2020 9:23 pm
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CEBA - December 31, 2020
... but December 31, 2020 is the date used to determine the max forgivable loan? This page (from Canada.ca) doesn’t seem to mention this: https://ceba-cuec.ca/ Was this a recent change or still in play? I was thinking of using it to pay the rent of the office but if it’s only until the end of ...
- Hyru
- May 30th, 2020 5:29 am
- Forum: Entrepreneurship & Small Business
- Entrepreneurship & Small Business
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May 30th, 2020 5:29 am