Federal budget delayed

To retain and grow a base of high quality clients, accounting firm leaders must plan for meeting current and future client expectations.

Accounting professionals have deployed new workflow practices and ways of interacting with clients. A move to a remote working model is the most notable.

On May 15, 2020, the federal government announced that it plans to extend the CEWS, expand it so that additional types of employers are eligible, and make a few clarifying amendments.

The federal government has reached an agreement in principle with all provinces and territories to implement the Canada Emergency Commercial Rent Assistance (“CECRA”) for small businesses. The provinces and territories have agreed to share up to 25% of the costs, subject to the terms of agreements with the federal government.