CEBA loan

[DaneG]

Canada Emergency Business Account now open to businesses using personal banking accounts.

https://www.canada.ca/en/department-finance/news/2020/10/canada-emergency-business-account-now-open-to-businesses-using-personal-banking-accounts.html

[jazz]

Canada Emergency Business Account now open to businesses using personal banking accounts.

Wouldnt touch those govt programs with a 10 foot pole.

In the spring, CRA is going to have a field day auditing everyone that did.

[Taiga]

This is cleverly masked as a gift to the banks, a total sham to tax payers but another secret transfer to liberal friends. I finally caught on when the bank manager phoned me last week to ask why I didn’t take the CEBA , just click the link on your internet banking page... No thanks

[blackpowder]

Bonus for the banks sure.
Free money, I'll take it every time.
They'll be forgiving half of them anyway.
CRA cant be worse than the ex wife's lawyer to deal with.

[Partners]

Wouldnt touch those govt programs with a 10 foot pole.

In the spring, CRA is going to have a field day auditing everyone that did.

They asked a million questions.
And it took 2 months with mega phone calls to qualify.
They screen the shit out of applicants in this 2nd round.
1st round ..that's another story.

[wmoebis]

They asked a million questions.
And it took 2 months with mega phone calls to qualify.
They screen the shit out of applicants in this 2nd round.
1st round ..that's another story.

And if they didn't they would get belittled for just giving money to anyone.

What if this new inquiry finds issues that were deemed wrong will the opposition demand everyone send back the money or what is the point of it?

[jazz]

Well since 10-20% of regular loans are likely to go into arrears and then default, the banks must have needed some more new blood.

Somebody in Ottawa thought it was genius to loan money to small businesses and then shut them down.

You can assume the $500B Trudeau spent is just like a revolving facility, its going to get paid back by the recipients and others one way or another.

[Partners]

And if they didn't they would get belittled for just giving money to anyone.

What if this new inquiry finds issues that were deemed wrong will the opposition demand everyone send back the money or what is the point of it?

Exactly. Take a chance on it if people qualify.
What IF the total amount is forgiven??
60 grand in your pocket..still buys something?

[Partners]

This covid horse shit might never end and more dollars could be coming.?

[Oliver88]

This covid horse shit might never end and more dollars could be coming.?

It looks to me like there will be a vaccine available in 2021 if five companies are already in the late stages of development. It’s possible that Trudeau will procure a Chinese knockoff version via SNC-Lavalin create a disaster.....would not be surprising.

[Richard5]

It looks to me like there will be a vaccine available in 2021 if five companies are already in the late stages of development. It’s possible that Trudeau will procure a Chinese knockoff version via SNC-Lavalin create a disaster.....would not be surprising.

We all should be buying Moderna shares. May make 2 x the $10,000 freebe CEBA you are all talking about

[countryguy]

Exactly. Take a chance on it if people qualify.
What IF the total amount is forgiven??
60 grand in your pocket..still buys something?

What IF they forgive the debt but now own your land?

[bucket]

Make the agriinvest deposit...double your money with free money from government...zero dollars out of your pocket...

[bucket]

They should up it to 7-10 % match like government employees !

You could be using a Government grant to get matching government dollars...can't get better than that...

[farmaholic]

You could be using a Government grant to get matching government dollars...can't get better than that...

What is it? $10,000 matchable AgInvest max? Kinda chump change in the grand scheme of things but better than nothing.

Can leave alot more on the table missing the highs in grain prices. I do.