Clearline Blog & News
Net Income – Accounting vs. Tax
Net income is a key financial metric that is used to assess the financial health of an organization. You may assume that there is only one way of determining a business’ net income, but this is not the case. Net income for accounting purposes (GAAP) and net income for tax purposes are not the same…
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2023 Federal Budget: Summary of Tax Measures
The Minister of Finance, Chrystia Freeland, delivered the 2023 Budget (the “Budget”) on March 28th. Highlights of the tax measures announced in the Budget are summarized below. The Budget did not contain any tax rate changes, including the rumoured increase to the capital gains inclusion rate.Business Income TaxEmployee Ownership Trusts The…
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Further Details on the Underused Housing Tax
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 this applies to you, please contact us if you…
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Transferring Business Ownership to Your Children
In 2021, the Canadian government passed Bill C-208, which made significant changes to the Income Tax Act. One of the most notable changes is the ability for families to transfer shares of their small businesses to their children or grandchildren and be treated equally to those who were passing on their businesses to an…
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How to Set Up a CRA My Business Account
We at Clearline strongly suggest that all of our corporate clients obtain access to their company’s My Business Account. The Canada Revenue Agency (CRA) is using this online platform much more often and it’s much easier to pay balances or file returns when you use My Business Account. You can also easily check up…
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Changes in Audit Standards for 2023
Audit standards are always changing and 2023 is no exception. Here, we will discuss changes to an important audit standard, how it impacts the audits we perform, and what the implications will be for our clients. Revised CAS 315, Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and Their Environment,…
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Danny Sandhu
CPA, Manager
Bio coming soon.
Shehzel Saif
CPA, Tax Manager
As Clearline’s Tax Manager, Shehzel focuses on tax planning, corporate reorganizations and succession and estate planning. She’s passionate about continuous learning and staying up to date on tax legislation changes and helping clients with succession. In addition to her CPA designation, Shehzel also has a Bachelor of Business Administration and has completed the CPA In-Depth Taxation Program. Outside of work, she enjoys spending time with family and friends, traveling and trying out new recipes.
Ameeta Randhawa
HR Manager
As Clearline’s HR Manager, Ameeta supports our firm’s greatest resource—our staff. With a Bachelor of Business Administration in Human Resources and over 7 years of HR experience in various industries, she ensures all employees have a positive experience at Clearline. Ameeta’s focuses include recruitment, performance management, employee relations, program and policy development, and employee engagement. Outside of work, she enjoys traveling and spending time with friends and family.
Michael Ng
CPA, CA, Senior Manager
Michael is a Senior Manager in Private Enterprise, carrying out reviews, compilations, and tax services for small- to medium-sized businesses. With a Bachelor of Commerce specializing in finance and a Diploma in Accounting, backed by over a decade of accounting experience, Michael is a trusted advisor who helps clients’ businesses succeed. Outside of the office, Michael enjoys spending time with family, trying out different restaurants in the city, and building and collecting mechanical keyboards.
Cindy Ji
CPA, CGA, Manager
Bio coming soon.
Victor K. Yoshida
CPA, CA
Victor was born and raised in Vancouver and obtained his Bachelor of Commerce from the University of British Columbia. He articled with Deloitte & Touche and received his CA designation in 1984. Victor was accepted to the firm’s tax group and went on to complete the Canadian Institute of Chartered Accountants In-Depth Tax course.
Victor specializes in Canadian income tax issues for professional and owner-managed businesses. He has extensive experience with business succession, estate planning, wealth preservation issues, corporate reorganizations, as well as mergers and acquisitions.
Victor was a member of the education committee of the Institute of Chartered Accountants of British Columbia and has held executive positions with various amateur sport organizations.
In his free time, Victor enjoys training for marathons, travelling, and spending time with his family.