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
A restaurant patio displays a sign that reads "Take out only."

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).