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Is the CAIS program based on the accrual method of accounting?

April 26, 2017Accounting accrual based cais method program

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Is the CAIS program based on the accrual method of accounting?

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A. You must use the same method of accounting (cash or accrual) as you use to report your financial information to CRA for income tax purposes. If you report the program year information to CRA using the cash method of accounting, the program year margin will be adjusted using a modified cash method of accounting.