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 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 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...

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...