CEBA

[Guest]

Bear trap is our children and grandkids being stuck with the wreckless spending bill from Trudeau.

yep , and thats coming one way or another

[bucket]

well , i remember only to well when FCC was forgiving thousands of loans in the 80's and those important Chrysters that got everything forgiven are really important now . I got sweet f-ck all that time , but I paid dearly for that for years, had to bid against those a-sholes a second time after they had bid way more than land was worth the first time having no intention of paying for it . and lots of the same ones were on land bank tit as well
l bet those pricks that bled the taxpayers dry in the 80's kids will be taking it with good coaches
don't be an idiot , take the $10k , you are paying for it anyways

Yup the second generation have good coaches from the 80s....FCC has young guys that don't know better....loaned money to second generation shysters while trying to make their books look good by forcing smaller farmers out...

[fjlip]

well , i remember only to well when FCC was forgiving thousands of loans in the 80's and those important Chrysters that got everything forgiven are really important now . I got sweet f-ck all that time , but I paid dearly for that for years, had to bid against those a-sholes a second time after they had bid way more than land was worth the first time having no intention of paying for it . and lots of the same ones were on land bank tit as well
l bet those pricks that bled the taxpayers dry in the 80's kids will be taking it with good coaches
don't be an idiot , take the $10k , you are paying for it anyways

Around here "they" actually never paid too much the first time, just that the markets and their spending made for losing money farming. Several deals were between parents and a child, not overpaid, still lost the land. They rented from banks for years, will never know the price paid second time. Us survivors are way better at math, risk, luck maybe? I have said thankfully some landowners would not sell to me, perhaps I was lucky and not overborrowed.
And correct several are well off BTO's now!

[burnt]

Word at CIBC is its getting expanded to 60k and 20k is forgiven on repayment. Stay tuned

https://betakit.com/government-expands-criteria-of-40000-small-business-ceba-loan-program/ https://betakit.com/government-expands-criteria-of-40000-small-business-ceba-loan-program/

[Guest]

Never applied, should have as I know I
Will be paying for it for years to come.
Just bad business on my part I guess

Remember Devines free money
For your house , to get elected.
We paid a lot for those renos in the end .
My daughter applied for her salon/spa
Businesses, which really did take a hit.
Gets everything in , and the site crashes.
Never did get it in the end either.
I hate programs like these.
But Trump does the same thing , 46 billion for ag in the last
Now that will buy some fancy trucks

ceba extended to oct 31, not too late sawfly

[macdon02]

ceba extended to oct 31, not too late sawfly

Take the ceba, ship the kids to South dakota or Florida, so they don't have to pay for it. A "parts run" will get you in, they can buy new stuff with the Canadian govt grant when they get to the new country.

[6V53]

Just make sure you include a few extra cases of ammo in your CEBA spending

And a gas mask.

[bucket]

I think CEBA was extended to December 31st....in that same announcement as the extra $20000.

[Sodbuster]

For those that have already applied for your $40,000, will you have to apply again for the extra $20,000? Was going to apply today, but my bank's limit is still at $40,000 so I think I will wait until the application states $60,000. From what I've heard from my accountant the easiest way is to use employment expenses , using fertilizer or other inputs is much harder, what expenses have you used that has been approved?

[WiltonRanch]

There’s no details yet. Just speculation but my bank email said they wouldn’t know much until govt got everything ironed out

[Partners]

There’s no details yet. Just speculation but my bank email said they wouldn’t know much until govt got everything ironed out

Credit union got info today.

[Partners]

For those that have already applied for your $40,000, will you have to apply again for the extra $20,000? Was going to apply today, but my bank's limit is still at $40,000 so I think I will wait until the application states $60,000. From what I've heard from my accountant the easiest way is to use employment expenses , using fertilizer or other inputs is much harder, what expenses have you used that has been approved?

Any loan or lease payments before covid.
Over the 40k amount.
Approved quickly.