In our piece titled Regulatory Changes to Corporate Financial Statements at the end of 2021, we brought to your attention some changes to the way we will be required to prepare corporate financial statements. In this piece we are going to discuss one of those...

  Budget 2021, announced in April, proposed to allow the immediate expensing of certain property acquired by Canada Controlled Private Corporations (CCPCs). The eligible property would be acquired after April 18, 2021 up to January 1, 2024 to a maximum amount of $1.5 million per year...