Underused Housing Tax Return – New April 30th Filing Requirement

New compliance requirements with an April 30th, 2023 filing requirement are upon us. Are you prepared? Clearline Consulting has the resources to help you navigate these new requirements. An Underused Housing Tax Return may need to be filed if your client owns residential property in a prescribed area. Canadian citizens and permanent residents are exempt … Continue reading “Underused Housing Tax Return – New April 30th Filing Requirement”


COVID-19: Return to Work Policies and Staff Compliance Agreements

We know from the results of our COVID-19: CPA Public Practice Survey, that was recently completed, that a significant percentage of small to medium sized firms closed their offices and continued to service clients remotely from home.  Since then, many firms have returned to their offices but may be struggling to communicate the new COVID-19 … Continue reading “COVID-19: Return to Work Policies and Staff Compliance Agreements”


2020 Professional Engagement Guide (PEG) Update

The 2020 update to the CPA Canada Professional Engagement Guide (PEG) was released in August. The following is a high level overview of what the key changes are from last year’s version of the PEG. New Compilation (CSRS 4200) Practice Aids The PEG now includes practice aids to assist practitioners with new the documentation requirements … Continue reading “2020 Professional Engagement Guide (PEG) Update”


COVID-19: Public Practice Survey

The uncertainty regarding the economic impact of the corona virus and government’s response to the disease has impacted all public practice firms both large and small.  What many of us are wondering is whether our experience has been typical of what other firms have seen?  Also, we are sure that many of you would like … Continue reading “COVID-19: Public Practice Survey”



Accounting and Assurance Implications of the COVID-19 Crisis

Soon after this crisis broke out in Canada, there been a lot of talk about the accounting and assurance implications of the COVID-19.  These include financial reporting considerations such as subsequent events and going concern notes, disclosure of risks from financial instrument, as well as measurement of financial and non-financial assets.  The impact is not … Continue reading “Accounting and Assurance Implications of the COVID-19 Crisis”


Managing for the Worst-Case: What Firms Need to Know about Temporary Layoffs and Government Support

By Jay Spiro of Yeager Employment Law, updated 03/26/20 CPA’s and Firms will play a critical role in helping businesses and individuals manage the financial upheaval being caused by the COVID-19 pandemic.  While many Firms will be able to continue  operating by serving clients online and enabling staff to work remotely, this may not be possible … Continue reading “Managing for the Worst-Case: What Firms Need to Know about Temporary Layoffs and Government Support”


“Get Ready”: How BC Firms can Prepare for and Respond to the Coronavirus Outbreak

The rapidly escalating nature of the global COVID-19 pandemic poses a challenge unlike many of us have experienced in our lifetime.  If your Firm hasn’t realized it by now, you need to assume the effects of this virus will be on your doorsteps within a matter of days (if not hours).  While it is certainly … Continue reading ““Get Ready”: How BC Firms can Prepare for and Respond to the Coronavirus Outbreak”


CPA Canada Quality Assurance Manual Updated for CSRE 2400

CPA Canada has released the 9th update to its Quality Assurance Manual (QAM) publication which is a package of materials, templates and worksheets designed to help firms comply with Canadian quality control standards. The most significant aspect of this update is the inclusion of material that addresses the new review engagement standard, CSRE 2400.  As … Continue reading “CPA Canada Quality Assurance Manual Updated for CSRE 2400”


Reporting Implications of the Canadian Standard on Review Engagements

CPA Canada has released their Reporting Implications of the Canadian Standard on Review Engagements (CSRE 2400) guide.  This extensive guide provides a series of issues presented in Q&A format and includes over 20 illustrative Independent Practitioners’ Review Engagement Reports for CSRE 2400.  This will likely be a valuable resource for your firm during the transition to the new review … Continue reading “Reporting Implications of the Canadian Standard on Review Engagements”