Bulletin CPA

2015.12.15

Wishing you and your loved ones a happy holiday season, and may you have a joyful New Year.

Alain Dugal, FCPA, FCA
Chair of the Order

Daniel McMahon, FCPA, FCA
President and Chief Executive Officer

Holiday schedule

Our offices will be closed from December 24 to January 4 inclusively. Happy Holidays!



	In this newsletter News \| Expert advice and resources


	News

			New syndic appointed at the Order
			On April 1, 2016, Paule Bouchard, FCPA auditor, FCA, currently in charge of Richter’s Professional Practice Group, will take over the syndic position at the Order from Ginette Lussier-Price, FCPA auditor, FCA, who will ensure a seamless transition by assuming the role of assistant syndic.

			News from the Board
			The latest meeting of the Board of directors was held on November 26. Many subjects were on the agenda. Read the main decisions [+]


	Expert advice and resources

Reminder – Election for closely related parties for 2015: Some have until December 31, 2015 to act

Under certain circumstances, the Excise Tax Act and the Act respecting the Quebec sales tax allows closely related corporations and partnerships to not charge sales tax (GST-QST) on certain taxable transactions made between them.

Read the article by Gérard Durocher, CPA, CA [+]

Independent auditor’s reports for pension plan financial statements

The Technical working group on pension plans invites auditors to read the updated summary of the sample reports applicable to the various situations that auditors may encounter in practice when auditing pension plans.

Read the summary [+]

New provisions in the Cooperatives Act

New provisions in the Cooperatives Act (CQLR, c C-67.2) came into force on October 1, 2015, to ensure that housing cooperatives maintain the sound management practices provided for under operating agreements.

Learn more [+]

SRM installation in the bar and resto bar sector

Revenu Québec announced that it is extending the eligibility period for the maximum subsidy amount granted to bar and resto bar operators to install sales recording modules (SRMs).

See full details [+]

Middle class tax cuts

The Federal government will proceed with its promise to lower taxes on the middle class as of January 1, 2016.

Read the new measures and their effects on other tax rules [+]


			Federal government to index personal income tax and benefit amounts
			On January 1, 2016, the personal tax system and benefit amounts will be indexed at the rate of 1.3% to keep pace with inflation. Consult the table of indexed federal amounts [+]

			Read all the “Expert advice and resources” articles on our website [+]

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