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Clearline CPA Celebrates the Expansion and Renovation of Vancouver Office

Clearline CPA is excited to unveil the newly renovated and expanded Vancouver office, a significant milestone in our commitment to providing exceptional service to clients and fostering a collaborative, modern workspace for our growing team. Initiated in late 2023, the renovations were designed to enhance both functionality and aesthetic appeal. The expanded office space reflects…


1 min read

Enhancements to the ShareFile Portal: What You Need to Know

In July 2023, Clearline transitioned to the ShareFile platform, a leading solution for secure document sharing. This upgrade was part of our commitment to enhancing the security of our document exchange process while providing an improved user experience for our clients. Three Document Sharing Options One of the key advantages of the ShareFile system is…


2 min read

GST/HST Holiday and Update on the Working Canadians Rebate

In late November 2024, the federal government introduced two notable measures aimed at easing financial pressures: a temporary GST/HST holiday on select items and a proposed $250 rebate for eligible working Canadians. GST/HST Holiday on Essential Items From December 14, 2024, to February 15, 2025, consumers will benefit from a GST/HST exemption on a variety…


2 min read

Interest Relief on the Increase in Capital Gains Tax

In June 2024, the Canadian government announced a significant change to the capital gains inclusion rate, increasing it from 50% to 66.67%. This adjustment applies to corporations and trusts, as well as individuals with annual capital gains exceeding $250,000. Effective June 25, 2024, this measure is aimed at generating additional revenue for public initiatives. However,…


2 min read

The End of Immediate Expensing Rules: Impact on Taxation in 2024 and Beyond

The Canadian tax landscape is undergoing a significant shift with the expiration of immediate expensing rules. Businesses need to prepare for the ripple effects this change will have on their tax planning strategies. The end of these temporary provisions will affect how Capital Cost Allowance (CCA) and Undepreciated Capital Cost (UCC) are calculated, resulting in…


4 min read

Navigating Capital Gains Changes: Impacts on Estate Planning

You may have heard that the Government of Canada has proposed changing the capital gains inclusion rate from 50% to 66.67%, effective for dispositions after June 24. Under this new proposal, individuals and certain trusts (such as general rate estates and qualified disability trusts) can still benefit from a $250,000 annual threshold, where the first…


3 min read