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CPABC Career Week is on now! Have a question for Clearline? Join us at 11 AM today for a virtual Q&A, or stop by our booth at the Vancouver Convention Centre on Thursday for a chat and learn more about what Clearline has to offer.

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We're excited to announce our newest Principal, Justin McLaughlin, CPA, CA. Justin will continue to serve our assurance clients in his new role on our Leadership Team. Congratulations Justin and thank you for your continued contributions to the growth and development of our team.

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Will capital gains or losses affect your 2022 income tax filing? What you need to know

By Bilal Kathrada Originally published to CPABC’s newsroom Photo credit: busracavus/iStock/Getty ImagesA lot has changed over the last three years, with onset of COVID-19 and its continual impact around the world. What remains unchanged is the December 31 deadline for capital property transactions. This is important to note…

6 min read

Update on Trust Reporting Requirements

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 Trust’s tax year.Going forward, a Trust must…

2 min read

It’s Time to Sign Up for a CRA My Business Account

The Canada Revenue Agency (CRA) has been given a mandate to move towards a “digital by default” process over the next couple of years. This will be through their online portals: My Account (for individuals), My Business Account (for businesses), and Represent a Client (for representatives, like Clearline). Starting in 2023, the CRA will start…

2 min read

2022 Fall Fiscal Update: Summary of Tax Measures

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 TaxTax on Share Buybacks The Government announced that public companies will be subject to a 2% tax that would…

2 min read

How you can invest in your child’s education

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 will cost money and it is important…

5 min read

Concert CPA joins Clearline CPA

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 forward to welcoming talented new team members and…

1 min read