Previously, a Trust generally only filed a T3 Trust Income Tax and Information Return if it had income, taxes payable, or made a distribution to one of its beneficiaries during the year. The T3 Return must be filed within 90 days after the end of...

  The Deputy Prime Minister and Minister of Finance, Chrystia Freeland, delivered the 2022 Fiscal Update on Nov. 3rd, 2022. The Update did not contain any significant tax changes or increases.   Business Income Tax   Tax on Share Buybacks The Government announced that public companies will be subject to a...

by Shane Schepens Originally published to CPABC’s newsroom.   As your child or children head back to school in this fall, immediate financial needs aren’t the only academic expenses to consider. Whether your child aspires to one day become a pilot, entrepreneur, scientist, or CPA, their post-secondary education...

Clearline CPA is proud to announce that we have expanded our practice in the Lower Mainland through the merger with Concert CPA, effective September 1, 2022. Concert CPA, led by Victor Yoshida, has served Vancouver clients for over 30 years. As part of this merger: We look...

  As part of our recent merger with Concert CPA, we’re also announcing some changes to our office locations and operations, including a new office in south Vancouver. As of September 1: We will start serving clients from a beautiful new office located at Marine & Cambie. ...

  Summer is just around the corner, and with that comes the start of Clearline’s summer hours. For the months of July and August, both of our office locations will be closed on Mondays. Our offices will be open regular business hours Tuesday through Friday from 9am...

With significant investments in technology upgrades, remote access and cloud-based service arrangements, questions are arising as to how to best account for these types of costs.   The Accounting Standards Board (AcSB) has released an exposure draft on accounting for cloud computing arrangements, with proposed accounting guidance...

  Holdbacks are amounts of progress billings that are not paid until specified payment conditions in the contract are satisfied, or until defects have been rectified.   BC Builders Lien Act   In British Columbia, the Builders Lien Act (the “Act”) provides rights and imposes obligations on most of the...