CRA indicates that it will not issue rulings or TIs on what is normal accounting practice for CEWS purposes

Regarding a question as to the timing of recognition of qualifying revenue for CEWS purposes, CRA noted that, per s. 125.7(4), the qualifying revenue of an eligible entity is generally determined in accordance with its normal accounting practices, and stated:

In situations involving an opinion on accounting or commercial principles, practices, or guidelines, we will not issue a ruling or a technical interpretation.

Neal Armstrong. Summary of 26 October 2020 External T.I. 2020-0856791E5 under s. 125.7(4).