Alter Ego Trusts and Joint Partner Trusts: Valuable Estate Planning Tool As Canadians continue to focus on preserving wealth and simplifying estate administration, Alter Ego (AE) Trusts and Joint Partner (JP) Trusts have become increasingly popular estate planning tools for individuals aged 65 and older. While...

Bare Trust Reporting: Final Update on T3 Filing Requirements What Canadian Taxpayers Need to Know After several years of uncertainty, the Government of Canada have legislated the final changes for the reporting requirements for bare trusts.  The Canada Revenue Agency (CRA) has provided some guidance, and we...

A Year Spent Investing in Our People March set the tone for the 2026 busy season. For the annual March event, we rented out Central City Fun Park. The afternoon had something for everyone. The principals joined in the fun and some even decided to take...

Showing Up for the Communities We Work In There's something about a golf tournament that makes it easy to have the kind of conversations that don't usually happen in a boardroom. You're moving at a slower pace, you've got time between holes, and you're sharing a...

Family Trusts: Legislative Changes and Continuing Benefits Family Trusts remain an important planning tool for many Canadian families despite legislative changes introduced in recent years. This article outlines key tax rule changes, ongoing reporting requirements, and the planning benefits that still make Family Trusts valuable for...

Clearline CPA Leadership Update Welcoming Our Newest Principals At Clearline CPA, our growth is guided not only by strategy, but by our core values: excellence, integrity, respect, collaboration, innovation, and accountability. We are pleased to announce the appointment of Jennifer Scott and Gurbir Rai as Principals —...

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...