Drake dropped a new album on Friday, October 6th - which is basically like Christmas in my house :) Check out this episode for my thoughts on Drake's new album, and some musings on the tax planning he might be engaging in for his son, Adonis.

But, the main event for this episode is a discussion on the Canada Emergency Business Account ("CEBA"). On September 14, 2023, the Prime Minister announced extended deadlines for the CEBA loan repayments, which caused some major confusion for business owners.

In this episode, I break down (1) what was the CEBA, and what were the application terms? (2) What was the big deal about this loan? and (3) what are the actual repayment terms for 2024?

I will be releasing a blog post on this topic soon, so make sure you are signed up to be a Tax Chick VIP under the member category on my website: www.thetaxchick.ca. Membership is free and gives you access to all my blog posts, as well as notification on new posts.

RESOURCES DISCUSSED ON THIS EPISODE:

All About Estates, "Further Assessing Drake's Estate Planning Needs" - https://www.allaboutestates.ca/further-assessing-drakes-estate-planning-needs/
CEBA Loans (FAQ and Program Information, CRA) - https://ceba-cuec.ca/

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Musings of a Tax Chick... Drake, estate planning and the CEBA Loans