Extending CEBA forgiveness deadline another year would cost Ottawa $907M: PBO
Pushing back the deadline for businesses to repay their government-backed pandemic loans in order to access the forgivable portion would cost Ottawa $907 million, according to an estimate by the parliamentary budget officer (PBO).
![Extending CEBA forgiveness deadline another year would cost Ottawa $907M: PBO](https://i.cbc.ca/1.7003391.1697829897!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/in-the-news-20200624.jpg)
![A restaurant in Toronto displays a A restaurant patio displays a sign that reads "Take out only."](https://i.cbc.ca/1.7003391.1697829897!/fileImage/httpImage/image.jpg_gen/derivatives/16x9_620/in-the-news-20200624.jpg)
Pushing back the deadline for businesses to repay their government-backed pandemic loans in order to access the forgivable portion would cost Ottawa $907 million, according to an estimate by the parliamentary budget officer (PBO).