CEBA Repayment Gap Calculator Canada 2026: Plan Before December 31

This worksheet answers one operational question: under the balance and repayment capacity in your own records, is there an illustrated amount still uncovered before the contractual deadline? It is not a CEBA forgiveness calculator, refinancing recommendation, CRA timeline, or insolvency eligibility test.

Finance Canada records that the final maturity date for outstanding CEBA term loans was extended to December 31, 2026. Read the official CEBA-CUEC briefing material, then confirm the current balance, interest, payment method, and maturity date with the financial institution that holds the loan.

Use the lender statement, not a remembered program amount

Enter the outstanding balance shown by the lender, the cash that could be applied before the deadline, the monthly amount the business can actually maintain, and the full months in your planning scenario. The result is simple arithmetic:

illustrated capacity = lump sum + (monthly capacity × full months)

illustrated gap = max(0, statement balance − illustrated capacity)

It excludes interest, fees, tax effects, lender discretion, personal guarantees, business structure, and legal consequences because those facts belong to the loan agreement and the actual file.

If there is a material gap

Do not solve a business-debt gap by assuming a personal debt tool applies to the corporation or by taking new borrowing without checking the total cost. Confirm the loan documents first. Then obtain advice appropriate to the structure—accountant, business lawyer, lender, or Licensed Insolvency Trustee—before the deadline becomes an enforcement problem.