CPA Input on Federal COVID-19 Emergency Response Programs (April 2020)

The CPA sent a letter to the Federal Minister of Finance, The Honourable Bill Morneau, outlining its serious concerns that members in private practice were not eligible for the Canada Emergency Response Benefit (CERB), the Canada Emergency Wage Subsidy (CEWS), and the Canada Emergency Commercial Rent Assistance (CECRA) program. The CPA was pleased to see changes in the Canada Emergency Business Account (CEBA) program which expands the payroll threshold from $50,000 to $200,000 to be eligible for a maximum loan of $40,000.