Business


CEBA NOW AVAILABLE Expand/Collapse

May 20th, 2020 Update: The government has announced that there will be some impending changes to CEBA coming, including making it available to sole proprietors. Please note, no program details are available as of today's date from the government, however, please feel free to add your name to our waiting list by emailing ceba@communityfirst-yncu.com and we will contact you as soon as we have more details. Please note, this could take upwards of 4-5 business weeks before the government has it in place.




Community First has been working closely with our partners at the EDC and are happy to announce that effective May 5th, 2020, the Canadian Emergency Business Account is now available to our valued members. It’s as simple as signing in to your Online Banking, clicking Account Services, and applying from there.

In order to ensure we are able to process your application as quickly as possible, we recommend that you collect/ensure you have the following information and meet all criteria below:

  • Community First is your primary financial institution for business banking.

  • Your business has access to Online Banking at Community First (all applications must be done through this channel).

  • If you are applying for CEBA for more than one business, ensure the unique BN# (the unique 15 digit number containing the letters RP) is referenced where required on the application – any duplicate BN#s will be rejected.

  • Your Community First business deposit account was open before March 1, 2020, and is active and in good standing.

  • Your organization was registered and operational on or before March 1, 2020.

  • Your organization’s 2019 T4 Summary of Remuneration payroll expenses (Box 14) was between $20,000 and $1,500,000. Please have your T4 Summary available for confirmation.

Thank you for your patience and understanding as we worked to get this account to you. As always, we are here to support you.

Business Banking

No one cares about your business more than you, but we come pretty darn close.

Whether you’re working off your kitchen table or one of several boardroom tables, what you’ll find here is a full suite of tools, services, and innovative solutions, all completely customized to your success. We look at every facet of how you operate to help you not only improve, but optimize for your highest financial performance possible.

Things operate a little differently here because we’ve built our business on making sure other local businesses thrive. When we’re evaluating viability, we look beyond size – focusing on business potential as an investment in our shared local economy. If you do well, we all do well. And if that sounds welcoming and straightforward, it’s because it is.

To learn more about how we can help, choose the option that best represents your business as it is today.

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