With the shortage of skilled labour, some businesses have to hire temporary foreign workers. Part of the Labour Market Impact Assessment application process includes the submission of certain documents to the Government of Canada to demonstrate that the employer operates a legal business and the job offer is legitimate.
It has come to our attention that business owners have been approaching CPAs to supply an attestation confirming that their business is in good financial standing and will be able to meet all financial obligations to any temporary foreign worker hired. However, there’s no definition of “good financial standing” or a list of specified procedures that a practitioner could undertake. It’s unclear how a practitioner would meet professional standards in providing this attestation.
Moreover, no practitioner is likely able to predict accurately how well a client business will perform, let alone provide any kind of assurance on their ability to meet financial obligations. Consequently, we caution members against providing such an attestation to support their clients’ application related to temporary foreign workers. Since an attestation is not the only option acceptable to the government, practitioners might consider helping their clients put together some of the other documents instead.