Filing Deadlines for 2025 Tax Returns Tax season is here and every year we like to remind you of the important dates to keep in mind while you are preparing to file your tax return. For us here at Clearline, we cannot guarantee completion of your T1 Return before the April 30th deadline if your…
B.C. Budget: Summary of Tax Measures February 17, 2026 The Government of British Columbia released its 2026 Budget on February 17, 2026, with several significant tax measures that will affect both individuals and businesses across the province. Below is a clear summary of the most important changes relevant to your tax planning and financial outlook.…
Intergenerational transfers provide for family business owners to transfer their business to the next generation in a tax-efficient manner. This is still not widely used due to the complexity and the unfamiliarity to the rules by client and professionals. Below we will discuss some of the key changes from the original intergenerational rules introduced. Key…
Earlier this year, we shared news that Canada’s Accounting Standards Board (AcSB) was considering changes to make it easier for private businesses to handle goodwill and intangible assets in their financial statements. Now, the AcSB has released their official proposal, and it includes some big changes. Quick Refresher: What’s This About Again? When a business…
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 Passing the CFE is one of the biggest challenges in an accountant’s career, and this year, we’re thrilled to celebrate Harman Sian, who successfully wrote and passed the Common Final Examination. Harman has spent the last few years growing within Clearline under the guidance of our senior managers and partners. His…