An open letter posted on the Canadian Security Association’s website calls for the federal government to revise its approach to the Canada Emergency Wage Subsidy (CEWS) in light of the anticipated impact on the security sector, including those companies and services that rely on a subscription model for revenue.
The letter states:
Social distancing, mandatory business closures and surging unemployment will have a serious impact on our industry’s revenue over the coming months. The challenge to our Industry is that we will not see this impact until Canadian homeowners, businesses and institutions are unable to pay their invoices for the essential services that our Industry provides. It is our civic duty to continue to monitor and service these systems to ensure all Canadians are as safe as possible during this worldwide crisis. Due to the essential nature of these services, our customers will not be cancelled immediately for non-payment and our industry will face mounting revenue declines.
Read the full letter here.
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