On October 3, the Government announced an administrative change to reporting requirements for the sale of a principal residence. The principal residence exemption is an income tax benefit that generally provides you an exemption from tax on the capital gain realized when you sell the property that is your principal residence. Generally, the exemption applies for each year the property is designated
Read more
The AASB is seeking a professional accountant to join it’s highly skilled, and energetic team committed to developing auditing and other assurance standards for Canadian practitioners. Do you possess competencies in critical thinking, project management, communication, and interpersonal skills? Contact Claire Chester, Manager, CPA Canada for details or apply today. As reported by the Standard on April the 12th., 2017.
Read more
This summary of decisions of the Public Sector Accounting Board (PSAB) has been prepared for information purposes only. Decisions reported are tentative and reflect only the current status of discussions on projects, which might change after further deliberations by PSAB. Decisions to publish exposure draft and Handbook material are final only after a formal ballot process. As reported by The
Read more
This document summarizes the due process activities the AcSB undertook in support of the changes made to Part I of the Handbook during 2016. Foreword During 2016, the Accounting Standards Board (AcSB) approved and incorporated into Part I of the CPA Canada Handbook – Accounting, new or amended International Financial Reporting Standards (IFRSs) issued by the International Accounting Standards Board
Read more
Do you represent or advise a Canadian private enterprise, or are you a user of private enterprises’ financial reports? Get to know the latest financial reporting developments that may change your financial statements. Tune in to this webinar on May 9, 2017 (English) or May 10, 2017 (French) to get the latest updates on the AcSB’s projects for Redeemable Preferred
Read more
Costs are usually allocated either for decision making, valuation, or cost reimbursement. There are three steps when it comes to the traditional approach of cost allocation, and that is to first accumulate costs within a production department or a non-production one, then allocate the costs from the latter to the production department. The final step comes in the form of
Read more
TheGAAP.net & TFN Present: PATTERNS OF THINKING A STRATEGIC ADVANTAGE FOR MANAGING YOUR CAREER AND YOUR LIFE Sponsored by: Jeff Gregory of Desjardins Financial Security Investments Inc. On Tuesday; March 28, 2017 Free Raffle Prize: Garmin Dash Cam 35 Charlene Norman has a knack for turning lemons into lemonade. She is joining us on March 28th to share
Read more
The AcSB has issued an Exposure Draft that corresponds to the IASB’s Exposure Draft on this topic. Stakeholders are encouraged to submit their comments by April 12, 2017. Annual Improvements to IFRS Standards 2015 – 2017 Cycle February 2017 COMMENTS TO THE IASB AND THE AcSB MUST BE RECEIVED BY APRIL 12, 2017 Respondents are asked to email their comment
Read more
Tune in to this webinar on April 6, 2017 (English) or April 13, 2017 (French) to learn about PSAB’s new Exposure Draft on asset retirement obligations. We outline proposals regarding recognition, measurement, presentation and disclosure of obligations associated with the retirement of tangible capital assets. As reported by The Standard. Free 1 CPD hour(s) Pricing & registration You will learn about:
Read more
TheGAAP.net & TFN Present: FLEXSOURCING: THE NEW WORK WORLD On Tuesday; February 28, 2017 Sponsored by: Jeff Gregory of Desjardins Financial Security Investments Inc. Free Raffel Prize: Garmin Dash Cam 35 Over 90% of the businesses in Canada have fewer than 100 employees. In the past 20 years, how we work has changed dramatically. Long ago, Western society came up
Read more