I am not an expert in the financial rules around them, but in general, advance payments are for receipt of goods or services within the upcoming year. They can't cross fiscal years.
On May 8th, 2020. See this statement in context.
On May 8th, 2020. See this statement in context.
Assistant Comptroller General, Acquired Services and Assets Sector, Office of the Comptroller General, Treasury Board Secretariat
I am not an expert in the financial rules around them, but in general, advance payments are for receipt of goods or services within the upcoming year. They can't cross fiscal years.
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