The calculations of revenue in Bill C-2 are based on the existing rules for the wage and rent subsidies that are found in the act and that have been relied upon by businesses since the inception of those programs.
I can say that there has been some thought given to providing additional flexibility—and this was evident from the start of the program—for businesses in terms of determining their revenue calculations. For example, there is an option to elect a cash-basis revenue calculation, which would be, I suppose, the opposite of what would be hoped for here, whereby you look to cash revenues to determine what revenues fall in what months, but the basic rule is to rely upon revenues for accounting purposes, which is more typically done on an accrual basis.
The revenue rules that are in Bill C-2 are based on the existing ones.
I would mention that, for some of the programs that look to year-over-year or prior-year revenues, those are based on revenues over a 12-month period, which would hopefully smooth out some of those timing issues. In addition, as we discussed earlier, there is the deeming rule that could apply, which would allow for an entity to pick the higher revenue decline for the current period or the prior period.