In July 2023 we announced via email the replacement of our Exchange file sharing system with new ways of sharing files with us. The Exchange was discontinued effective July 24, 2023. In its place we have three ways of securely sharing files with Clearline that...

Historically, individuals selling shares in a private business to their children have been penalized by the Canadian tax system more than those selling their business to an unrelated third party. This was due to rules that prevented them from claiming a capital gain and therefore...

We would like to remind our clients about the deadline for filing Underused Housing Tax (UHT) returns. While the original deadline of April 30, 2023 has technically not changed, the Canada Revenue Agency (CRA) has announced that no penalties or interest will be assessed on...

Financial statement audits are essential for companies looking to improve their financial reporting accuracy and transparency. An audit provides independent and objective assurance that a company's financial statements are free of material misstatements and errors. Here are the benefits of financial statement audits and why...

The Government of Canada implemented the Underused Housing Tax (UHT) on June 9, 2022, which impacts certain residential property owners as of December 31, 2022. If you own residential property and are not an excluded owner, you must file a UHT return to avoid penalties. If...