This is likely not the first post you have read which speculates the capital gain rate will increase. Advisors have been speculating that a rise in the capital gain rate would occur for several years. The most recent happenings that further support a probable change are: The US recently announced proposals to significantly increase…

  If you own and operate a real estate brokerage in British Columbia or are planning on doing so, there are many financial reporting requirements that are required by the British Columbia Financial Services Authority (BCFSA). The BCFSA took over these responsibilities from the Real Estate Council of British Columbia (RECBC) in August 2021. Here,…

  In our piece titled Regulatory Changes to Corporate Financial Statements at the end of 2021, we talked about some changes to the way we will be required to prepare corporate financial statements. Now, we are going to discuss one of those changes, the concept of a basis of accounting, a bit further. Starting at…

  We hope that all of our clients and newsletter subscribers had a good summer.  Now that we are back, we just wanted to let you know that we are currently renovating our offices in Burnaby and Surrey, so please excuse the mess if you drop by one of the offices. We are brightening up…

  Accounting for construction revenue can be a complex topic, especially for large contracts of long durations that take many months or even years to complete. The revenue that a company shows in its annual financial statements is not necessarily the same as the amount that it has billed (i.e. invoiced) or collected in cash.…

by Shane Schepens Originally published to CPABC’s newsroom.   Photo credit: andresr/E+   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…