This is likely not the first post you have read which speculates the capital gain rate will increase. Advisors have been speculating that a rise in the capital gain rate would occur for several years. The most recent happenings that further support a probable change are: ...

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

  Accounting for construction revenue can be a complex topic, especially for large contracts of long durations that take many months or even years to complete. The revenue that a company shows in its annual financial statements is not necessarily the same as the amount that...

Bilal Kathrada CPA, CA, Principal Bilal primarily focuses on income tax and succession planning for Canadian owner-managed businesses in various industries. Read More...

Bridget Noonan CPA, CA, Principal Bridget primarily focuses on the provision of assurance (audit and review engagement) services to not-for-profit organizations.   Read More...

  Not-for-profits have a wide range of financial statement users who make decisions based on the information provided. CPA firms are often engaged to provide assurance services not only to meet requirements of lenders and grantors, but also to lend credibility to their financial reporting.   Although the pandemic...