The Canada Revenue Agency (CRA) announced the launch of its new document verification service as a new option for CRA users. This service will streamline the identity verification process for CRA sign-in services such as My Account, My Business Account, and Represent a Client, enabling...

The Accounting Standards Board (the “Board”) is the entity that sets accounting standards in Canada, and it has made a pivotal decision regarding the future of accounting for contributions revenue for not-for-profit organizations (NPOs).  Contributions revenue includes items such as donations, grants, and government funding. Based...

The Minister of Finance, Chrystia Freeland, delivered the 2024 Budget (the “Budget”) this afternoon. Below are summarized highlights of the tax measures announced in the Budget.   Capital Gains Inclusion Rates The Budget proposes increasing the current capital gains inclusion rate for corporations and trusts from 50% to...

The BC Government announced in its 2024 Budget on February 22, 2024, that it proposes implementing a Home Flipping Tax starting January 1, 2025.  The tax will apply to income from selling properties zoned for residential use with a housing unit and on the assignment...

The federal government has officially announced that the budget will be tabled on Tuesday, April 16, 2024, by Deputy Prime Minister and Minister of Finance Chrystia Freeland. This budget announcement will reveal the government's fiscal priorities for the upcoming year. The 2023 Fall Economic Statement prioritized...

                          The government of British Columbia introduced several changes to the Speculation and Vacancy Tax (SVT) in 2023. These revisions, aimed at addressing housing concerns, reflect an ongoing effort to reshape property taxation policies.  About the SVT The speculation and vacancy tax is also known as the empty...

  Watch for our annual personal tax email in your inbox the week of February 20, after the Family Day holiday. If you do not receive a copy, please call us at 604-639-0909 or email us at reception@clearlinecpa.ca. In our email, you will receive a copy of...

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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...