The Accounting Standards Board (AcSB) recently reviewed several accounting rules that apply to private businesses in Canada that require a financial statement review or audit. Their goal is simple: make accounting requirements easier without reducing the usefulness of financial information for lenders, owners, and investors. The high-level proposals issued by the AcSB in September 2025…
Congratulations to Harman Sian Becoming a designated CPA is one of the biggest milestones in an accountant’s career, and this year, we’re thrilled to celebrate our newest professional who has officially earned that title. Congratulations to Harman Sian, who successfully wrote and passed the Common Final Examination. Harman has spent the last few years growing…
As we head into the holiday season, we want to share a quick look back at another milestone year for Clearline CPA, one marked by growth, momentum, and the continued drive of a team that shows up every single day. A Year of Expansion and New Talent This year we welcomed 11 new staff members…
November 4, 2025The Minister of Finance, François-Philippe Champagne, delivered the 2025 Budget (the “Budget”) this afternoon. Highlights of the tax measures announced in the Budget are summarized below.Business Income Tax Immediate Expensing of CCA on Eligible M&P Buildings Buildings and additions/renovations to buildings that are used 90% or more for manufacturing…
We previously noted that the Canada Revenue Agency (CRA) had made digital delivery the default for most business correspondence. However, we now understand that the agency is extending this shift to individuals as well. While the CRA has not specified which taxpayers are being moved to online delivery, it has confirmed that affected individuals will…
Beyond Compliance: Why Your Company Might Need an Audit When you’re running a company, the idea of an audit can feel intimidating. It’s a fair question to ask: “Do I really need one?” While an audit is a formal process, it offers benefits that go beyond simple compliance. It’s a powerful tool that can give…