Updates to the CEBA program

The Canada Emergency Business Account (CEBA) has been expanded to include small business with a payroll of less than $20,000 is now available.

This means that owner-operated small businesses that had been ineligible for the program due to their lack of payroll, sole proprietors receiving business income directly, as well as family-owned corporations remunerating in the form of dividends rather than payroll, will become eligible for the program beginning this week.

To qualify under the expanded eligibility rules, CEBA applicants with payroll lower than $20,000 will need:

  • A business operating account at a participating financial institution;
  • A Canada Revenue Agency business number; 
  • A 2018 or 2019 tax return; and
  • Eligible non-deferrable expenses of between $40,000 and $1.5 million. 

Eligible businesses will qualify for financing of up to $40,000, with 25 per cent of this being forgivable based on the current terms of CEBA loans. More information on the expanded CEBA can be found on the program’s website.


  • Kawartha Credit Union is your primary financial institution (account opened on or before March 1, 2020) for day-to-day payments and cash management activities.
  • Your business has a payroll lower than $20,000
  • Your business has a 9-digit Canada Revenue Agency Payroll Number.
  • You agree to use funds from this loan to pay for operating costs that cannot be deferred, such as payroll, rent, utilities, insurance, and property tax.

How To Apply

Our application process is simple and easy. It includes an attestation questionnaire which requires you to confirm that:

  1. You are not a government organization or body, or an entity wholly owned by a government organization or body;
  2. You are not a non-profit organization, registered charity, union, or a fraternal benefit society or order, or an entity owned by such an organization, unless the entity is actively carrying on a business in Canada (including a related business in the case of a registered charity) that earns revenue from the regular supply of property/goods or services;
  3. You are not an entity owned by any Federal Member of Parliament or Senator;
  4. Your business does not promote violence, incite hatred or discriminate on the basis of sex, gender identity or expression, sexual orientation, colour, race, ethnic or national origin, religion, age, or mental or physical disability, contrary to applicable laws.

You can download our application here.

Frequently Asked Questions About CEBA

Q: Can I enroll at more than one financial institution? I am a sole proprietor and I only have a Kawartha Credit Union personal chequing account.

A: No. Businesses must enroll for the Canada Emergency Business Account at their primary financial institution where they have an existing business banking account, and cannot apply at more than one financial institution.
The Canada Emergency Business Account is only available to businesses registered operation on or before March 1, 2020. Further information is available at the Government of Canada’s COVID-19 Economic Response Plan site: (https://www.canada.ca/en/department-finance/economic-response-plan.html)

Q: If I have accounts at multiple financial institutions, how do I determine where to apply?

A: Your primary financial institution is the one where your business does the majority of its day-to-day banking, including employee payroll, supplier payments, and collection of receivables. If this is not your Kawartha Credit Union account, you need to apply at the financial institution where this business account is held.

Q: My business requires the consent of more than one director or officer to bind my organization. Can I still apply?

A: The program allows your business to complete the agreement with the consent and attestation of only one signing officer that has the authority to bind the organization.

Q: If I am currently benefiting from other government COVID-relief offerings can I apply for the CEBA?

A: Yes, businesses may apply for other programs providing they meet qualifications.

Q: What if I have multiple businesses? Can I enroll under each business for CEBA?

A: Each business entity may enroll for CEBA. Each business must individually meet the eligibility criteria. You will need to complete an application for each business.

Q: Who do I contact if I do not qualify for the loan?

A: Export Development Canada is the administrator of the government's www.CEBA-CUEC.ca website.

For more information please email: ceba@kawarthacu.com.