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Amendments to the CEBA:
  • The Canada Emergency Business Account is extended until December 31, 2020.
  • Businesses operating through a personal account will be required to open a business account before submitting their application. It is mandatory to have a BUSINESS account before starting your application. Please click here for opening a business account for CEBA.
  • Coming soon: On October 9, 2020, the federal government announced that businesses still severely affected by the pandemic will have access to additional financing of $20,000 in addition to the initial loan of $40,000. Details will follow shortly.
Important: Details of these changes will be posted as they become known. We invite you to consult this page regularly.

BUSINESS

Loan request

The government has put in place the CEBA Pre-Sreen Tool available at https://verify-verifier.ceba-cuec.ca/. You must complete this test to obtain your simulation number for submit an application.
If you have any questions, you can contact the government call centre regarding the CEBA at 1-888-324-4201, Monday to Friday, between 9 a.m. and 10 p.m.
Emergency loan of
$40,000
0% interest
until December 31, 2022
Forgiveness of
$10,000
of capitalif $30,000 is paid back by December 31, 2022

ELIGIBILITY CRITERIA FOR THE CANADA EMERGENCY BUSINESS ACCOUNT (CEBA)

  • The Borrower is a Canadian company in operation since March 1, 2020.
  • The Borrower holds federal tax registration status.
  • The Borrower has an active business chequing account or an active business operating account with the Lender.
  • The Borrower has never used the CEBA before and will not seek financial assistance under the CEBA through another financial institution.
  • The Borrower acknowledges its intention to continue or resume its business.
  • The Borrower agrees to participate in post-financing surveys to be conducted by the Government of Canada or its agents.

The CEBA includes two options for which companies may be eligible:

  • Option 1: The total payroll paid by the Borrower during the calendar year 2019 was between $20,000 and $1.5 million.
  • Option 2: Applicants with total payroll of $20,000 or less in the 2019 calendar year must meet the following criteria:
    • The borrower must have a Canada Revenue Agency Business Number and have filed an income tax return for 2018 or 2019;
    • The borrower must have eligible non-deferrable expenses (must be incurred with a supplier of goods and services before March 1, 2020) totalling between $40,000 and $1.5M. These expenses may include rent, property taxes, utilities and insurance. They will be subject to audit and verification by the Government of Canada.

Eligibility options Summary explanations
Option 1: Based on 2019 payroll Have paid between $20,000 and $1.5M in total payroll for 2019.
Option 2: Based on 2020 eligible non-deferrable expenses Have projected eligible expenditures in 2020 for which the payment deadline cannot be extended beyond December 31, 2020, of between $40,000 and $1.5M.

Begin your application

DO YOU HAVE A BUSINESS ACCOUNT AT UNI?

No
Yes
NOTE: It is mandatory to have a Business account to submit an application. If in doubt, contact UNI Business at 1-855-842-2511.

Click here to read the frequently asked questions

Option 1 : Based on the 2019 payroll

This federal program provides interest-free loans of up to $40,000 to small businesses and not-for-profits experiencing temporary financial hardship to help cover their operating costs.

To qualify, businesses must meet the following requirements:

  • Be a Canadian business in operation on March 1, 2020.
  • Be registered for federal tax.
  • Demonstrate that the company's total payroll was between $20,000 and $1.5 million in the 2019 calendar year (this information is available on your business's "T4 Summary of Remuneration Paid").
  • Have an active business chequing account with UNI.
  • Have as its primary financial institution.
  • Not have previously used or applied to the Program at any other financial institution.

The eligibility criteria were provided to us by the government and cannot be adjusted by UNI. Prior validation of eligibility depends on criteria defined by the Government of Canada. None of the organizations administering this program, including your financial institution, has the authority to grant exceptions.

Businesses that do not qualify include:

  • Government organizations or bodies, or entities owned by a government organization or body
  • 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
  • Entity owned by any Federal Member of the Parliament of Canada or Senator of the Parliament Canada

Eligible 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.

Option 2: Based on Eligible Non-Deferrable Expenses in 2020

This option is available to businesses that do not qualify for the payroll-based eligibility option (Option 1), i.e. their payroll for calendar year 2019 was $20,000 or less, and that do not qualify for the initial option of the program.

This federal program provides interest-free loans of up to $40,000 to small businesses and not-for-profits experiencing temporary financial hardship to help cover their operating costs.

To qualify, businesses must meet the following requirements:

  • Be a Canadian business in operation on March 1, 2020.
  • Be registered for federal tax.
  • Have filed an income tax return with the Canada Revenue Agency for the 2018 or 2019 fiscal year.
  • Demonstrate that, as of March 1, 2020, the company had eligible deferrable expenses expected to be incurred in 2020 for which the payment due date cannot be extended beyond December 31, 2020, in an amount between $40,000 and $1.5 million. (The list of eligible expenses is presented below.)
  • Have an active business chequing account with UNI.
  • Have as its primary financial institution.
  • Not have previously used or applied to the Program at any other financial institution.

Businesses that do not qualify include:

  • Government organizations or bodies, or entities owned by a government organization or body
  • 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
  • Entity owned by any Federal Member of the Parliament of Canada or Senator of the Parliament Canada

Eligible 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.

The eligibility criteria were provided to us by the government and cannot be adjusted by UNI. Prior validation of eligibility depends on criteria defined by the Government of Canada. None of the organizations administering this program, including your financial institution, has the authority to grant exceptions.

List of eligible expenses and accepted supporting documents:

Type of eligible expenses Example of accepted supporting documents
Salaries and other employment-related expenses paid to independent (arm's length) third parties; Invoice from a third party
Rents or payments related to the leasing of real estate used for commercial purposes; Lease, agreement with a third party
Rents or payments related to the leasing of equipment used for commercial purposes; Rental/lease contract, rental/lease invoice
Insurance-related costs; Policy / Insurance contract
Taxes and property taxes; Property tax invoice
Expenses incurred for commercial purposes for telephony and utility services such as gas, oil, electricity, water and Internet; Invoice, contract
Regular and scheduled debt service payments; Loan agreement
Costs incurred under agreements with independent contractors and costs required to maintain licences, authorizations or permissions necessary to conduct the borrower's business. Invoice

Businesses that do not qualify include:

  • Government organizations or bodies, or entities owned by a government organization or body
  • 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
  • Entity owned by any Federal Member of the Parliament of Canada or Senator of the Parliament Canada

Eligible 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.

On May 19th, the Government of Canada announced an expansion for the Canada Emergency Business Account for Canadian businesses affected by the COVID-19 situation, which had been launched earlier in April.

This federal program allows small businesses and non-profit organizations to obtain interest-free loans of $40,000 to help them with operating costs at a time when their income is temporarily lower. Twenty-five percent (25%) of the loan amount ($10,000) may be forgiven as long as the business pays back $30,000 on or before December 31, 2022. If the business cannot pay back the loan by December 31, 2022, it can be converted into a 3-year term loan at an interest rate of 5%.

Here are the details regarding the new criteria:

Option 1 (criteria that remains in effect):
The Borrower's total employment income paid in the 2019 calendar year was between $20,000 and $1.5 million.

Option 2 (extended criteria):
Companies with $20,000 and less in total employment income paid in the 2019 calendar year:

  • The Borrower has a Canada Revenue Agency business number and has filed a 2018 or 2019 tax return.
  • The Borrower has eligible non-deferrable expenses between $40,000 and $1.5 million. Eligible non-deferrable expenses could include costs such as rent, property taxes, utilities, and insurance. Expenses will be subject to verification and audit by the Government of Canada.
  • Complete the loan request on the government website in order to enter the details of the eligible non-deferrable expenses and upload supporting documents.

To qualify, businesses must meet the following requirements:

  • Be a Canadian business in operation on March 1, 2020.
  • Be registered for federal tax.
  • Have an active business chequing/operating account with UNI.
  • Have UNI as its primary financial institution.
  • Not have previously used or applied to the Program at any other financial institution.
  • Acknowledges its intention to continue to operate its business or to resume operations.
  • The Borrower agrees to participate in post-funding surveys conducted by GOC and agrees that relevant contact information of the Borrower can be shared with the GOC for that purpose.
  • Option 1: Demonstrate that the company's total payroll was between $20,000 and $1.5 million in the 2019 calendar year (this information is available on your business's "T4 Summary of Remuneration Paid").
  • Option 2: Applicants with $20,000 and less in total employment income paid in the 2019 calendar year must meet the following new criteria:
    • The Borrower has a Canada Revenue Agency business number and has filed a 2018 or 2019 tax return.
    • The Borrower has eligible non-deferrable expenses between $40,000 and $1.5 million Eligible non-deferrable expenses could include costs such as rent, property taxes, utilities, and insurance. Expenses will be subject to verification and audit by the Government of Canada.

The eligibility criteria were provided to us by the government and cannot be adjusted by UNI. Validation of eligibility depends on criteria defined by the Government of Canada. None of the organizations administering this program, including your financial institution, have the power to grant exceptions.

Businesses that do not qualify include:

  • Government organizations or bodies, or entities owned by a government organization or body;
  • 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;
  • Entity owned by any Federal Member of the Parliament of Canada or Senator of the Parliament Canada.

Eligible 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.

It is defined as eligible expenses for which the business cannot extend the payment due date after December 31, 2020. Non-deferral expenses must be incurred with a supplier of goods and services before March 1, 2020.

Eligible expenses are:

  • wages and other employment expenses to independent (arm's length) third parties;
  • rent or lease payments for real estate used for business purposes;
  • rent or lease payments for capital equipment used for business purposes;
  • payments incurred for insurance related costs;
  • payments incurred for property taxes;
  • payments incurred for business purposes for telephone and utilities in the form of gas, oil, electricity, water and Internet;
  • payments for regularly scheduled debt service;
  • payments incurred under agreements with independent contractors and fees required in order to maintain licenses, authorizations or permissions necessary to conduct business by the Borrower; and
  • any other expense in a category other than the above as may be indicated by GOC under the Web Page from time to time as being an Eligible Non-Deferrable Expense for the purpose of the Program.

Companies will have until December 31, 2020 to apply for a loan request.

The requirements of the program, as set out by the Government of Canada, are relatively strict about it. The requirements state that funds from this loan may only be used to pay for operating costs that cannot be deferred, such as payroll, rent, utilities, regularly scheduled debt service, insurance, and property tax. They cannot be used to reimburse or refinance a payment or expenses such as an existing debt or to pay dividends, and they cannot be used for distribution purposes or to increase management compensation.

Only online applications on the UNI.ca website will be accepted. No applications can be made in person or by phone.

UNI's payment deferral program and other government relief programs are unrelated. Companies can therefore apply to each of the programs, provided they meet the eligibility criteria.

The information required differs depending on the business eligibility option and the type of the business.

Option 1: Based on the 2019 payroll

You will need to have the following information available when you are ready to start your application:

  • Your 2019 "T4 Summary of Remuneration Paid" document (confirmation that your payroll totalled between $20,000 and $1.5 million in 2019)
  • Your 15-digit employer number, available on the T4 SUM.
  • A check from your business check/operation account or the latest statement indicating the transit and folio number.

Option 2: Based on Eligible Non-Deferrable Expenses in 2020

If the business is a:

  • Incorporated business (corporation / canadian-controlled private corporation):

    You will need to have the following information available when you are ready to start your application:

    • Your CRA Business Number (BN) (9 digits)
    • Amount reported on line 400 of the Borrower's latest T2
    • The transit number and the folio number of your business account with UNI.

  • Partnership or unincorporated business:

    You will need to have the following information available when you are ready to start your application:

    • Your CRA Business Number (BN) (9 digits)
    • Amount reported on the latest T1:
      • Field 13500 for 2019 or 135 for 2018 (net business income)
      • Field 13700 for 2019 or 137 for 2018 (net professional income)
      • Field 13900 for 2019 or 139 for 2018 (net commission income)
      • Field 14100 for 2019 or 141 for 2018 (net farming income)
      • Field 14300 for 2019 or 143 for 2018 (net fishing income)
    • The transit number and the folio number of your business account with UNI.

Option 1: Based on the 2019 payroll

For companies using this option, the number required is the one appearing on the T4 SUM. See image below.

Option 2 : Based on Eligible Non-Deferrable Expenses in 2020

The CRA business number has 9 digits and is generally available on the following documents:

  • Field 001 of the T2 Tax report
  • Business's Notice of assessement
  • GST/HST Report
  • T4SUM
  • CRA "My Business account"

No, this is not possible. The eligibility criteria were provided to us by the government and cannot be adjusted by UNI. None of the organization administrating this program, including UNI, have the authority to grant exceptions.

An e-mail confirming that your application has been received will be sent to you as soon as the application is entered into our systems.

We advise you to consult your accountant for information in this regard.

Yes, if your business meets the eligibility criteria, including the amount paid in salaries during 2019 (a total between $20,000 and $1.5 million). This information is included on the "T4 Summary of Remuneration Paid."

Application can be made, for the option 1 (Based on the 2019 payroll) providing your business can produce a "T4 Summary of Remuneration Paid" showing a total payroll in 2019 between $20,000 and $1.5 million.

Application can be made once for each of your businesses that meet the Canada Emergency Business Account eligibility criteria, and must be done through their primary financial institution.

The Canada Emergency Business Account is a government program that is not designed to address every situation. Eligibility criteria are provided to us by the government and cannot be adjusted by UNI.

Government assistance measures change regularly. We recommend that you regularly consult the information posted on the UNI.ca and/or Government of Canada websites.