Trust Reporting for LSBC or BCFSA

Earlier in May, CPABC issued a practitioner’s alert in their eNews, reminding practitioners that completing trust reports for the Law Society of BC (LSBC) or BC Financial Services Authority (BCFSA) should be done under the CSRS 4400 Agreed Upon Procedures (AUP) standard. The newly revised AUP standards were issued in August 2020 and have been … Continue reading “Trust Reporting for LSBC or BCFSA”


Federal Budget: Summary of Tax Measures – April 16, 2024

The Minister of Finance, Chrystia Freeland delivered the 2024 Budget (the “Budget”) this afternoon. Highlights of the tax measures announced in the Budget are summarized below.   Capital Gains Inclusion Rates The Budget proposes to increase the current capital gains inclusion rate from 50% to 66.67% for corporations and trusts.  The Budget further proposes similar increases … Continue reading “Federal Budget: Summary of Tax Measures – April 16, 2024”


Leveraging the CDAP Grant: Transforming Your Accounting Firm for the Future with Clearline Consulting

In the fast-paced world of public practice, it’s easy to get caught up in the day-to-day tasks of advising clients, managing deadlines, and ensuring compliance. Amidst this busy environment, it’s vital for accounting firms to stay ahead of the curve and embrace technology to remain competitive. One often-overlooked opportunity for firms is the Canadian Digital … Continue reading “Leveraging the CDAP Grant: Transforming Your Accounting Firm for the Future with Clearline Consulting”