The CBA continues its work on understanding the scope and ramifications of the proposal to eliminate billed-basis accounting for income-tax is purposes contained in Budget 2017.
While we are encouraged by news received this week that the new rules will not affect contingency fee arrangements, our discussions with the government of Canada continue. There are a number of areas that we are asking the government to clarify, including the ability to continue working on cases that increase access to justice for many Canadians, the definition of cost/ valuation of work in progress, and concerns about the transition period.
We are continuing to work on this diligently. Stay tuned.