By Chris Brown

Another $20,000 available

Federal government extends help for businesses through CEBA

Dec 4, 2020 | 11:01 AM

OTTAWA – The federal government is expanding its Canada Emergency Business Account.

Prime Minister Justin Trudeau announced today that eligible small businesses can access a second CEBA loan of up to $20,000, on top of the initial $40,000 that was already available to them.

Half of the additional funding, $10,000, is forgivable if repaid by the end of 2022.

“These measures will protect jobs and make sure that the local businesses that we love don’t have to close for good,” said Trudeau.

CEBA has helped almost 800,000 small businesses across the country since the spring, said Trudeau.

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On vaccines, Trudeau says Canada will be ready to distribute any COVID-19 vaccines as soon as they are ready.

Simulation tests and run-throughs have already taken place, including logistics required to keep the doses at the proper temperatures. Freezers have been purchased and dry ice contracts are in place, says Trudeau.

Regulators are working around the clock on reviews of Pfizer vaccine, one of seven companies with which the federal government has vaccine deals.

“Across the country, cases are too high and hospitals are filling up. And when hospitals ill up everyone suffers the consequences, not just those with COVID-19,” he said.

A bilateral meeting took place Wednesday between federal health minister Patty Hajdu and counterpart Tyler Shandro in Alberta where the prime minister said numbers are rising alarmingly.