CPA Canada COVID-19 updates

CPA Canada is carefully monitoring COVID-19 for any new developments relating to its impacts. Be sure to check this page on a regular basis.

RECORDING NOW AVAILABLE: Rebuilding the economy: What does Canada need for a better future?

View the recording of CPA Canada’s consultation on rebuilding the country’s economy featuring leading economic experts. They are:

  • Trevin Stratton, chief economist and vice-president, Policy, Canadian Chamber of Commerce
  • Linda Nazareth, economist, host of the podcast “Work and the Future,” and a senior fellow at the Macdonald-Laurier Institute
  • Francis Fong, CPA Canada’s chief economist, who also moderated the session

We are compiling suggestions which will be considered for our ongoing communications with the federal government. This consultation effort remains ongoing, with the conversation continuing on our digital engagement platform.

Federal government updates

The federal government has announced that as of June 19, 2020, applications will be accepted so that more small businesses can access the Canada Emergency Business Account (CEBA). This means that owner-operated small businesses that had been ineligible for the program due to their lack of payroll, sole proprietors receiving business income directly, as well as family-owned corporations remunerating in the form of dividends rather than payroll, will become eligible this week. See the Finance Canada news release for more information.

Climate-related reporting conditions accompany the federal government’s Large Employer Emergency Financing Facility (LEEFF), an initiative to provide Canada’s largest employers with assistance during the pandemic. Read more details on the TCFD recommendations and additional COVID-19 government announcements. 

CPA Canada news release

CPA Canada applauds federal government COVID-19 fiscal response (March 18, 2020) 

Financial Reporting & Assurance Standards Canada: News and resources

Canada’s standard-setting boards are monitoring the COVID-19 pandemic closely. We are committed to providing information to help our stakeholders stay informed and address the challenges that may come during this time. Bookmark this page to stay up to date on the boards’ news and resources.

CPA Canada course and event cancellations

The Mastering Money Conference scheduled for November 11-12, 2020 has been postponed due to COVID-19. 

The following in-person fall tax courses have been cancelled due to COVID-19:

Canadian Securities Administrators (CSA) updates

Read the latest news releases from the CSA.

For more information

While the spread of the virus is concerning, it is important to use credible sources and not spread fear unnecessarily. Stay up to date by referring to these reliable sources of information:

Health Canada
World Health Organization