On May 17, 2005, the Business Corporations Act (Alberta) was amended to allow for the incorporation of unlimited liability corporations (ULCs). Prior to those amendments, ULCs in Canada could only be incorporated under the Companies Act(Nova Scotia).

To make payments, for individual and business accounts, with the Canada Revenue Agency, your main options are:

On September 19, 2005, Minister of Finance Ralph Goodale announced that he has requested the Minister of National Revenue to postpone, with immediate effect, providing advance tax rulings respecting flow-through entities (FTEs), such as income trusts.

On November 25, 2005, the Canadian Parliament enacted new legislation that will materially reform Canada's principal business insolvency statutes. As a result of the stated disappointment of the Senate committee charged with reviewing the reform package, the legislation will not be proclaimed into force before June 30, 2006.

On November 25th, 2005, Bill C-55, which proposes sweeping changes to Canada’s principal insolvency statutes, received Royal Assent – the final step in the Canadian legislative process before a bill is proclaimed in force. Prior to dissolving Parliament and calling a Federal election for January 23, 2006, the Liberal Government gave assurances to the Senate Committee on Banking, Trade and Commerce, which is charged with oversight and review of Bill C-55, that it would not proclaim the Bill in fo

The Appellant, Marie Erdmann, was a chartered accountant and the subject of three allegations of unprofessional conduct.

British Columbia's Money Judgment Enforcement Act promises to revolutionize debt collection by creating a centralized registry and empowering civil enforcement officers with expanded seizure authority. While the 2023 legislation was expected in 2025, creditors and debtors alike need to understand how these sweeping changes will transform the enforcement landscape once implemented.

On March 11, 2005, the Manitoba Government announced that Manitoba Film and Sound Recording Development Corporation’s base tax credit will rise from 35% to 45% of eligible Manitoba wages and salaries (or 22.5% of the total eligible production costs of an eligible film if that amount is less). This increase is in addition to the 5% frequent filming bonus for the third project shot within a two-year period in Manitoba and a 5% Rural/Northern bonus introduced last year. Combined, these incentives a

Step into an inspiring conversation between our CEO Gary Kalaci and the remarkable Beth Wilson, a trailblazer who transformed from aspiring dentist to powerhouse leader in accounting and law

Whether you've been preparing your taxes for years or are new to filing taxes, Crowe MacKay's personal income tax checklist is a great resource to ensure you provide everything your accountant needs to...

The Federal Court of Appeal has held in the Kruger Inc. v. Canada decision published yesterday, that Kruger Inc. was entitled to use the mark-to-market method in computing its income for federal income tax purposes.

International Accounting Standard 39, Financial Instruments: Recognition and Measurement, was originally issued in March 1999; however, an archeologic dig through that standard turns up remnants that date back as far as 1986.

The Ontario Securities Commission (OSC) recently released the results of its preliminary review of Ontario reporting issuers’ first International Financial Reporting Standards (IFRS) interim financial reports for the quarter ended March 31, 2011.

The Supreme Court of Canada determines the right of financial institutions to effect set-off in reimbursement of a loan despite the enhanced deemed trust in favor of Revenue Canada or Revenue Quebec.

They got Al Capone for tax evasion; not for any one of the hundred or so other crimes he allegedly committed. Apparently, it was testimony of his accountant and the discovery of a mysterious "second set of books" that finally put Capone away. The books were well hidden. Fortunately, the accountant knew where to find them.

Part 11.1 of the "Forest Act" authorizes the "Forest Revenue Audit Program," or FRAP, as it is sometimes called without much affection.

On December 9, 2014, Bill 7, the Chartered Professional Accountants Act was passed by the Legislative Assembly of Alberta.

Let's be honest, there are many negative perceptions of internal audit. Whether perceived to waste management's time with rote compliance testing...

The new standard summary statement of financial position will be generated by the dealer member using the Securities Industry Regulatory Financial Filings system and would be certified by the Chief Financial Officer of the dealer member.