A Landmark Change in Tax Legislation On June 22, 2023, Canada’s tax landscape underwent a significant transformation with the Royal Assent of Bill C-47. This Act implements critical provisions of the budgets presented on March 28, 2023, introducing new and expanded mandatory disclosure rules. These changes mark a pivotal shift in the responsibilities of taxpayers, […]
Incorporate your Personal Real Estate Corporations (PREC)
Great news! Effective on October 1, 2020, real estate broker and salesperson in Ontario are allowed under O. Reg 536/20 to incorporate their Personal Real Estate Corporations (PREC). 1. Are you tired of locking your savings in your RRSP account while watching the market index up and down? 2. Are you a real estate investor […]
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CSRS 4200 Compilation Engagements
The final version of CSRS4200 – Compilation engagement was released on February 1, 2020. This standard replaces previous Compilation engagements (Section 9200) as well as Assurance and Related Services Guide (AuG05), Compilation Engagements – Financial Statement Disclosures. CSRS 4200 Compilation engagement will be effective for compiled financial statements issued for fiscal year ending on or […]
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