Businesses with annual payroll less than $20,000 during 2019 and eligible non-deferrable expenses for 2020 projected to be between $40,000 and $1.5 million, can apply via a 2-step process.
First, initiate an application through CIBC Online Banking® for Business. Second, upload evidence of non-deferrable expenses via the Government of Canada’s CEBA website for verification. To complete this application process, clients will need to have:
- a 9-digit CRA Business Number;
- the ability to provide verifiable business information from their most recent CRA business tax filing (2018 or 2019); and evidence of eligible non-deferrable expensesOpens a new window in your browser. for 2020, like commercial leases, property tax statements or utility bills, to upload to the federal government’s website.