Canada Emergency Business Account (CEBA) Loan Repayment Calculator
A CEBA loan repayment simulator for Canadian businesses. Estimates forgivable amount and remaining balance based on CEBA program parameters. This tool is illustrative; consult your lender or official sources for account-specific advice.
- Page updated:
- Jan 4, 2026
- Tool version:
- v1.1.0
Overview
This calculator provides an illustrative estimate of CEBA loan forgiveness and remaining balance in Canadian dollars (CAD).
It is designed to reflect typical CEBA program parameters (forgivable percentage and maximum forgivable amount). Always confirm with your lender and official Government of Canada guidance for exact eligibility, deadlines, and repayment terms.
Results
Estimated Forgivable Amount (CAD)
$10,000.00
Estimated Remaining Balance After Forgiveness (CAD)
$30,000.00
How to read the result
- What it means
- The displayed value is an estimate based on your inputs. It represents the calculated scenario under current assumptions, not a guaranteed amount.
- Calculation limits
- The model uses simplified formulas and cannot account for all variables in your specific case (local regulations, personal conditions, temporal changes).
- Next step
- Use the result as a starting point. Adjust parameters to compare scenarios and validate with a professional when needed.
Glossary+−
- Forgivable amount
Portion of the CEBA loan principal that may be forgiven under program terms if borrower meets the specified conditions and deadlines.
- Forgivable cap
A program-specified maximum dollar amount that can be forgiven, regardless of the percentage calculation.
- Repayment deadline
The official date by which repayment must be completed to qualify for the program's forgiveness provision. Deadlines vary by program iteration and must be confirmed with official sources.
Key takeaways
This tool estimates forgivable amounts and remaining balance for CEBA loans using configurable percentage and cap values, localized to Canadian dollars.
Always confirm results with your lender and the official program documentation before taking action.
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Worked examples
Example 1: $40,000 CEBA loan repaid by deadline
A borrower has a $40,000 outstanding CEBA loan. The program forgives 25% up to a $10,000 cap if repaid by the deadline.
Interpretation
Forgivable amount = min(40,000 × 25% = 10,000, cap 10,000) = $10,000. Remaining balance = $30,000.
Example 2: $60,000 CEBA loan repaid by deadline with higher cap
A borrower has a $60,000 loan with a program forgivable percentage of 25% and a cap of $20,000 (for illustrative expanded CEBA variant).
Interpretation
Forgivable amount = min(60,000 × 25% = 15,000, cap 20,000) = $15,000. Remaining balance = $45,000.
Example 3: Not repaid by deadline
If the borrower does not repay by the forgivable deadline, estimated forgiveness is $0 in this simulator.
Interpretation
Forgivable amount = $0. Remaining balance = $40,000 (interest or other charges not modelled).
Frequently asked questions
Is this an official CEBA calculation?
No. This is an illustrative simulator based on common CEBA parameters. Official forgiveness determinations are made by your lender in accordance with federal program rules.
Where can I find the official CEBA program rules?
Refer to the Government of Canada and the administering institutions linked in the citations below for authoritative program details, eligibility, and deadlines.
Does this include interest or loan fees?
No. This calculator models only principal forgiveness. Interest, fees, or other lender-specific charges are not included. Contact your lender for account statements.
Sources & references
- Government of Canada — Canada Emergency Business Account (CEBA): https://www.canada.ca/en/department-finance/services/financial-sector-policy/ceba.html
- Export Development Canada / Business Development Bank of Canada — CEBA program information: https://www.bdc.ca/en/articles-tools/entrepreneur-toolkit/templates-business-guides/ceba
- Office of the Superintendent of Financial Institutions — Financial consumer information: https://www.osfi-bsif.gc.ca
Quality & oversight
- Author
- Ugo Candido, MBA
- Maintained by
- Ugo Candido, MBA
- Page updated
- Jan 4, 2026
- Tool version
- v1.1.0