New Financial Reporting Requirements Under the Mortgage Services Act (MSA) British Columbia’s upcoming Mortgage Services Act will introduce new financial reporting and assurance requirements for mortgage brokerages. Firms that administer mortgages, engage in mortgage lending, or maintain trust accounts will soon need to submit annual financial...

Incorporated Investment Advisor Compensation Canadian regulators are considering changes that could allow more investment advisors to operate through personal corporations. Canadian Investment Regulatory Organization’s (CIRO) proposed Incorporated Advisor Compensation Option would introduce a new regulatory category and establish rules governing ownership, supervision, and compensation structures.   The Canadian...

Incorporating as a Professional: Weighing the Pros and Cons Incorporating as a professional in Canada can provide significant tax planning opportunities, including tax deferral and access to the small business deduction. However, professional corporations also introduce additional compliance requirements and costs. Below we outline the key...

B.C. Budget: Summary of Tax Measures February 17, 2026 The Government of British Columbia released its 2026 Budget on February 17, 2026, with several significant tax measures that will affect both individuals and businesses across the province. Below is a clear summary of the most important changes...

Overview The federal government has proposed significant changes to the reporting requirements for Not-For-Profit Organizations (NPOs) through The 2024 Fall Economic Statement. These measures are aimed at improving transparency and oversight across the sector. On August 15, 2025, additional details on these proposals were released.   Key Background information ...

The Importance of the T3010 Return The T3010 Charity Information Return is a mandatory filing requirement for all registered charities in Canada. Its purpose is to promote transparency with the public, donors, and the Canada Revenue Agency (CRA) by providing details about a charity’s operations, finances,...