CEBA FAQ on document upload released

An FAQ has been released in respect of the CEBA application document uploads in respect of the non-deferrable expenses stream. Some items of note:

  • You must complete the CEBA application at your primary financial institution by latest August 31st, 2020. After completing the application with your financial institution, you must upload supporting documentation by latest September 3rd, 2020.

  • Allocate between 15 to 30 minutes to complete the entire process.

  • An applicant may re-apply if there is a need to provide additional information or make a correction.

  • There is no formal appeals process for CEBA applications in either the Payroll or Eligible Non-Deferrable Expenses application streams.

  • The same supporting documentation can be used to support two different 2020 Eligible Non-Deferrable Expenses.

  • Eligible Non-Deferrable Expenses may have already been incurred after January 1, 2020 or are to be incurred prior to December 31, 2020. For example, if you have a monthly telecommunications bill for $200 and it is expected to continue throughout the year, then your full 2020 forecasted Eligible Non-Deferrable Expense would be 12 months at $200 = $2,400 total expenses for 2020. Note 1

  • Eligible Non-Deferrable Expenses must be one of the following:

    • 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;

    • Insurance related costs;

    • Property taxes;

    • Telephone and utilities in the form of gas, oil, electricity, water and internet;

    • Regularly scheduled debt service;

    • Independent contractors and fees required in order to maintain licenses, authorizations or permissions necessary to conduct business by the Borrower

  • If you are taking a photograph of a document that you wish to upload, please follow the following guidelines:

    • ensure you are in a well-lit area,

    • keep your phone / camera steady,

    • put your document on a flat and non-reflective surface, and

    • make sure your phone / camera is directly above the document

Note 1

In the application form for TD Canada Trust, the following was noted: “as at March 1, 2020, the total incurred and projected Eligible Non-Deferrable Expenses …. that the Borrower was or is legally or contractually obligated to pay in the 2020 calendar year (including such Eligible Non-Deferrable Expenses actually paid from and after January 1, 2020) are (i) more than Cdn.$40,000 net of Excluded Benefits (as defined below), and (ii) less than Cdn.$1,500,000 including Excluded Benefits (as defined below).

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Jane Zhao