Underused Housing Tax (UHT) Update

With less than 5 weeks until the first UHT deadline, we wanted to give you an update on some recent developments.  Penalty Waiver The CRA announced on March 27th that the penalties and interest under the Underused Housing Tax Act would be waived for late-filed UHT return that are filed by October 31, 2023.  Though … Continue reading “Underused Housing Tax (UHT) Update”

Compliance Review – CSRS 4200 Compilation Engagements

Many of the provincial CPA bodies have issued CSRS 4200 Compilation Engagement Alerts, such as the one issued in BC, putting practitioners on notice that inspection findings are highlighting deficiencies in the application of the requirements under CSRS 4200, Compilation Engagements.    These deficiencies were summarized as follows: Failure to transition to CSRS 4200, Compilation … Continue reading “Compliance Review – CSRS 4200 Compilation Engagements”