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Understanding the CEBA deadlines

With the end of the year upon us there are some questions about the CEBA Loan and the repayment dates. Although some of the Loans will be converting from one type of loan to another (ie: Visa to a 0% per annum interest free loan) the Principal Repayment is not required before December 31, 2022.

All applicants that meet CEBA eligibility criteria will have the following repayment terms:


  • 0% per annum interest until December 31, 2022

  • 5% per annum interest starting on January 1, 2023; interest payment frequency to be determined by your financial institution

Repayments & Maturity:

  • No principal repayment required before December 31, 2022

  • If loan remains outstanding after December 31, 2022, only interest payments required until full principal is due on December 31, 2025

Debt Forgiveness:

  • If the outstanding principal, other than the amount of potential debt forgiveness, is repaid by December 31, 2022, the remaining principal amount will be forgiven, provided that no default under the Loan has occurred.

Hopefully this will help alleviate some of the questions. Scroll down the CEBA webpage ( and you will also find the terms of the forgiveness and more.

HAPPY NEW YEAR to you and your family!! Stay well and we’ll see you in 2022!!


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