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The New Year is fast approaching, and Quebec’s
CPAs and future CPAs will play a leading
role in navigating all the changes 2018
brings. We hope that you have countless
opportunities to showcase your leadership
and expertise. From the entire team here
at the Order, we wish you a wonderful holiday
season and a joyous and harmonious New Year!
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André Dugal, FCPA, FCA
Chair of the Order
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Geneviève Mottard, CPA,
CA
President and Chief Executive Officer
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Our offices will be closed from December
23, 2017 to January 2, 2018.
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Bill 107: the government agreed with our
position
In a unified voice, the CPA Order, the Barreau
du Québec and the Ordre des ingénieurs,
among others, called for preserving the
integrity of the disciplinary process of
professional orders. They also requested
that, at the very least, the Director of
Criminal and Penal Prosecutions consult
with the syndic of the professional order
concerned before ending an inquiry or disciplinary
complaint in exchange for the repentant
professional’s collaboration in a criminal
investigation. The Order is pleased that
the government agreed with the professional
orders’ positions and provided that the
syndic will be consulted in these circumstances.
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Morneau reform – Income splitting and other
measures related to income sprinkling
Canada’s Finance Minister Bill Morneau announced
new measures, including the expansion of
the rules related to the tax on split income.
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Limits and rates related to the Québec Pension
Plan (QPP) for 2018
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Reduction in the rate applicable to personal
tax credits
The rate applicable to personal tax credits
in the formulas for calculating source deductions
of Quebec income tax has been reduced from
16% to 15%.
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Limits and rates related to the Québec Parental
Insurance Plan (QPIP) for 2018
The limits related to the QPIP have changed
for 2018.
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Response to Public Sector Accounting Board
(PSAB) Statement of Principles: Public
Private Partnerships
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Response to the Auditing and Assurance Standards
Board (AASB) Exposure Draft: Proposed Assurance
and Related Services Guideline
The Technical working groups – Assurance
and Assurance reports commented on the Exposure
Draft entitled Reporting on Compliance
with Specified Authorities for Transactions
Coming to the Auditor’s Notice during the
Audit of Financial Statements.
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