Resources & Articles

Year: 2023


Why is Operational Resiliency Important?December 21st, 2023

During a crisis, companies need to be able to continue to deliver core products and services. Companies that fail to prepare for unexpected challenges can...
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Employment Insurance: MisconductDecember 19th, 2023

An August 24, 2023, Federal Court of Canada case reviewed whether the taxpayer’s employment had ceased due to misconduct, which would render the taxpayer ineligible...
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CBVs and Legal MattersDecember 15th, 2023

In this article, we discuss some of the ways a Chartered Business Valuator (CBV) is often asked to assist in various legal matters. CBVs and...
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REVIVAL OF A CORPORATION: Tax CollectionDecember 14th, 2023

A June 12, 2023, Court of King’s Bench of Alberta case reviewed CRA’s application to revive a corporation dissolved in 2020. The former sole shareholder...
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SURCHARGE TO ACCEPT PAYMENT VIA CREDIT CARD: GST/HST? December 11th, 2023

As of October 2022, merchants could charge an additional fee for accepting payment via credit card. In a March 28, 2023, Technical Interpretation, CRA opined...
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ENHANCED GST RESIDENTIAL RENTAL REBATE: Increased IncentivesDecember 8th, 2023

On September 14, 2023, the Department of Finance provided details on a proposal to enhance the existing GST rental rebate. In general, the existing rebate...
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Managed services can deliver results for businessesNovember 30th, 2023

Effectively utilizing managed services is becoming a critical success factor for companies of all sizes and in all industries. Often times, a board might recommend...
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Minority Shareholdings – Does a
Minority Discount Apply?
November 27th, 2023

Who are minority shareholders? A minority shareholder is any shareholder who does not own a controlling interest in a public or privately-held company. What is...
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Federal Economic Statement 2023November 24th, 2023

(authored by RSM CANADA) On Nov. 21, 2023, Canada released the Federal Economic Statement, which provides an overview of Canada's finances and sets out new tax measures.
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New Financial Statement Disclosure Requirements for the Construction Industry and Enhanced Guidance Issued for the Percentage of Completion Method under ASPENovember 23rd, 2023

The Accounting Standards Board has issued significant application guidance for entities utilizing the percentage of completion method (POC) for revenue recognition under Canadian Accounting Standards...
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