News & Events

• Employee or Independent Contractor?
• Foreign Tax Credit – Make Sure the Foreign Tax Credit is Mandatory
• GST/HST – Risks of Dealing With a Shady Supplier
• Around The Courts

• Taxation of Partnerships
• Reserves for Accounts Receivable
• Reserves for Capital Gains
• Employee Loans
• Sale of Debt Instrument with Accrued Interest
• Debt Forgiveness Rules and
• Insolvent Corporations
• Around The Courts

MARCH 19, 2019 FEDERAL BUDGET TAX HIGHLIGHTS The highlights of the proposed tax changes of the recent Federal budget are outlined below. The information contained herein is of a general nature and is not intended to address the circumstances of any particular individual or entity. No one should act upon such information without appropriate professional […]

• HST Quiz – Is Your Business Charging it Properly
• Non-Qubec Business Selling to Consumers in Quebec
• When Can the CRA No Longer Reassess You
• Tax-Free Savings Accounts
• HST Quiz – The Answers
• Around The Courts

Notes on the consolidated financial statements

The notes to IFRS consolidated financial statements prepared in the EU must contain disclosures on newly adopted standards and interpretations (IAS 8.28) as well as on standards and interpretations that have been issued but not yet adopted (IAS 8.30). The following provides an overview of the current status (end of November 2018) of the standards and interpretations issued by the IASB that have to be reported on pursuant to IAS 8.28 and IAS 8.30 in IFRS consolidated financial statements prepared in the EU as of 31 December 2018.

EU Endorsement

The following table contains standards and interpretations that have not yet been adopted by the EU and those that have been adopted since 1 January 2018. These are based on the EU Endorsement Status Report issued by EFRAG on 2 November 2018.

ESMA

The national European enforcers audit the financial statements of companies with securities traded on a regulated market in Europe or in the process of admission to the market. The financial statements are prepared in accordance with the IFRSs and reviewed to determine the extent to which they comply with the IFRSs and other applicable reporting requirements, including the authoritative national legal requirements.

• Debt Forgiveness Rules
• Taxation of Trusts and Beneficiaries
• RRSP vs TFSA – Where to Contribute?
• Prescribed Automobile Rates for 2019
• Around The Courts

• Two RDTOH Accounts Starting in 2019
• Accelerated Capital Cost Allowance
• Re-allocation of Proceeds on Sale of
• Land and Building
• Capital Dividends
• Child Care Expenses
• Around The Courts

• Year-End Planning
• Buying a Truck for Your Business
• Near Year-End
• Charities and GST/HST
• Around The Courts

• Leases
• Inter-Corporate Dividends
• Charitable Donations On Death
• Taxation Of Put And Call Options
• Employee Stock Options
• Around The Courts

• Allowable Business Investment Losses
• Deemed Disposition Of Property Upon Death
• Significance Of “Associated Corporations”
• Do You Always Need To File A Tax Return?
• Around The Courts