The CEBA deadline has changed:

The repayment deadline for CEBA loans to qualify for partial loan forgiveness has been extended to January 18, 2024, for all eligible borrowers in good standing.

If the load remains outstanding past this due date, it will convert to a non-amortizing term loan with the full principal repayment due December 31, 2026.

Outstanding loans would subsequently convert to two-year term loans with interest of 5 per cent per annum commencing on January 1, 2024, with the loans fully due by December 31, 2025.