Your Complete Guide to Canada for Business

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Frequently Asked Questions

What is CEBA?

Canada Emergency Business Account (CEBA) is a federal program providing interest-free loans to support Canadian businesses during the COVID-19 pandemic. It helps businesses cover their operating costs, payroll, and other immediate expenses.

How much funding is available through CEBA?

CEBA initially provided a loan of up to $40,000, with a potential $10,000 forgivable portion. Subsequent enhancements raised the total loan amount to $60,000. The loan is interest-free, with a deadline for repaying the principal. If certain conditions are met, up to $20,000 can be forgiven.

What is CEWS?

Canada Emergency Wage Subsidy (CEWS) is a government program designed to help Canadian employers retain their employees during the pandemic by subsidizing a portion of their employee wages.

How much wage subsidy can businesses receive?

The subsidy amount varies depending on the revenue decline and the claim period. It can cover up to 75% of eligible employee wages. Employers must apply for CEWS through the Canada Revenue Agency (CRA). Detailed application procedures and deadlines are available on the CRA's website.

What types of grants are available for businesses in Canada?

Canada offers various grants and funding programs to support businesses. Business grants and financing in Canada include grants for research and development, innovation, export expansion, and more. Programs often target specific sectors and regions.
Lakshmi Lavanya Pagallu

Lakshmi Lavanya Pagallu

Sr. Content Marketing Specialist

Lakshmi Lavanya Pagallu has been working as Content Marketing Specialist with GetGIS since 2022 and has been extensively working to help candidates’ career transitions. Her experience spans across multiple industries in the fields of Sales and Marketing. Her core competencies include communication and research, which enable her to create and deliver in-depth guides as a Subject Matter Expert

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