Over the past couple of years, we have been getting ready for the additional filing obligations and disclosure requirements for Trusts.  As a reminder, all “express trusts” must file a T3 Trust Income Tax and Information Return (“T3 Return”) for the 2023 year even if...

                          The government of British Columbia introduced several changes to the Speculation and Vacancy Tax (SVT) in 2023. These revisions, aimed at addressing housing concerns, reflect an ongoing effort to reshape property taxation policies.  About the SVT The speculation and vacancy tax is also known as the empty...

We are excited to announce Annelie Vistica, CPA, CA has recently joined Clearline as a Principal. Annelie will work from our Vancouver office providing assurance and tax services to privately owned enterprises. Annelie moved to Canada in 1999 after receiving her Bachelor of Accountancy at the University...

Deputy Prime Minister and Finance Minister Chrystia Freeland delivered the Federal Government’s 2023 Fall Economic update today in Ottawa. We have summarized some highlights below to help you navigate the business and personal tax updates and changes. Short-Term Rentals The Federal Government announced that it will be...

Budget 2021 allowed the immediate expensing of certain property acquired by Canada Controlled Private Corporations (CCPCs). Eligible property would include property that is subject to the capital cost allowance (CCA) rules, other than Class 1 to 6, 14.1, 17, 47, 49, and 51 (generally long-lived...

We are delighted to share the news of our latest expansion as Clearline CPA has established a new Tri-Cities office in the city of Port Moody. Our Tri-Cities office is ideally situated to serve clients in the Tri-Cities area, which includes Coquitlam, Port Coquitlam, and Port...