Borrowers that meet the CEBA eligibility criteria and are in good standing will be eligible for loan forgiveness. All CEBA loan holders will receive a formal communication stating whether they are eligible for loan forgiveness.
CEBA eligibility criteria validations have been completed for all
borrowers and the results of these validations are final. These
validations were conducted in partnership with the Canada Revenue
Agency (CRA) and revalidated periodically since the launch of CEBA in
April 2020 to ensure an accurate reflection of the information in CRA