Underused Housing Tax (UHT) Update

An update for all those who attended Clearline Consulting’s UHT information sessions, and/or purchased resources, in February and March. As we all know, on March 27, 2023 Canada Revenue Agency (“CRA”) granted an extension of time to file UHT returns to October 31, 2023.  We know that this extension was a waiver of penalties and … Continue reading “Underused Housing Tax (UHT) Update”

Future Oriented Financial Information (“FOFI”)

Recession, no recession? We will see.  What we have seen is the tightening of credit throughout the lending market. Covenants that haven’t been enforced in years, are being follow up on and due on demand triggers features are being triggered.  You know that I cannot let the opportunity pass to note that this is why … Continue reading “Future Oriented Financial Information (“FOFI”)”

Partner PD Series

For the past three years Clearline Consulting has been hosting dedicated professional development for Audit Partners in small to mid-size firms.  These sessions were created for audit partners to attest the meeting educational requirements (IES 8) under provincial licensing.  The sessions focus on the accounting and auditing issues applicable to private and not-for-profit organization we … Continue reading “Partner PD Series”

IES 8 – Professional Competence for Licensed Practitioners

The following discussion is most relevant to public practitioners who perform audit and assurance services. As members of the International Federation of Accountants (“IFAC”) the provincial CPA regulatory bodies must demonstrate compliance with IFAC requirements.  One of the more recent requirements is International Education Standard 8 (“IES 8”) Professional Competence for Engagement Partners Responsible for Audits of Financial … Continue reading “IES 8 – Professional Competence for Licensed Practitioners”

Take Advantage of the Canada Job Grant for your Firm’s CPD

In a previous post we wrote about the importance of Continuing Professional Development (CPD) and how the Canada-BC Job Grant can make PD much more affordable for your firm. To encourage employers to invest in training and development for their current or future employees, the federal government has partnered with the provinces across the country to … Continue reading “Take Advantage of the Canada Job Grant for your Firm’s CPD”

Continuing Professional Development and the Canada-BC Job Grant

Continuing Professional Development It’s professional development season for professional accountants and you may be considering whether or not to invest in your staff’s professional development courses.  Designated CPAs are required to meet a certain number of hours of professional development, and the benefits of continuing professional development (CPD) should not be underestimated. With a thought … Continue reading “Continuing Professional Development and the Canada-BC Job Grant”