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”


Enhancing Your Practice: Comprehensive Consulting Services for Accounting Firms

The past three years have been a whirlwind in public practice, with rapidly evolving tax legislation and no signs of a slowdown. At Clearline Consulting, we understand these challenges.  We offer a range of consulting services to alleviate your administrative burdens and ensure compliance with professional standards. As partners in public practice, we stand ready … Continue reading “Enhancing Your Practice: Comprehensive Consulting Services for Accounting Firms”


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”


Navigating the Amendments to the Revenue Recognition Standard (ASPE): Clearline Consulting Resources

Are you grappling with the complexities of the amendments under HB 3400 – revenue recognition standards? Perhaps you are only struggling with ensuring sufficient documentation to support compliance with the requirements. You’re not alone. The landscape of revenue recognition has undergone fundamental changes in recent years, with both US GAAP and IFRS moving away from … Continue readingNavigating the Amendments to the Revenue Recognition Standard (ASPE): Clearline Consulting Resources


Accounting for Cloud Computing Arrangements

With significant amounts being spent on technology upgrades, remote access, and cloud-based service arrangements. the AcSB has issued an exposure draft for a proposed new accounting guideline, AcG 20 – Customers’ Accounting for Cloud Arrangements.  This will be the first new AcG issued, if approved, since transition from Part V of the Handbook to ASPE … Continue reading “Accounting for Cloud Computing Arrangements”