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On Quebec budget day last week, the Order
once again generated interest from journalists
and commentators for its recommendations
on the introduction of a single tax return
and the need to define parameters for disbursements
from the Generations Fund and the use of
the Stabilization Reserve Fund, after it
had made headway on these issues in the
press and on social media. The Order also
raised its voice on the important issue
of tax fairness in the digital economy.
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Consultation on Rule 216 of the Canadian
Harmonized Rules of Professional Conduct
Like the Canadian Harmonized Rules of
Professional Conduct, Quebec’s
Code of ethics of CPAs prohibits CPAs
from offering or accepting a commission
for obtaining a client referral or for referring
the products or services of a third party
to a client, unless the referral is between
CPA firms.
To adapt to the diversity in the practice
of the profession within the context of
globalization and mobility, CPA Canada is
proposing changes to this rule which, among
other things, would allow commissions to
be paid or accepted under certain conditions.
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Ministère de la Famille: The 2017-2018
Règles de reddition de comptes
(accountability rules) for entities in the
educational childcare services network are
available online
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Blockchain technology and its potential
impact on the audit and assurance profession
Blockchain technology may affect the audit
and assurance profession, from its impact
on the financial statement audit to opportunities
that may arise in a blockchain-enabled world.
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Canada Revenue Agency: What you need to
know about payment arrangements
Are your clients unable to pay the full
amount they owe? They may qualify for a
payment arrangement or ask for taxpayer
relief.
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Reporting the sale of a principal residence
Taxpayers must report the sale of a principal
residence on the income tax and benefit
returns they submit to the CRA so that the
agency may grant the principal residence
exemption to those who are entitled to it.
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Income tax returns: CRA’s Auto-fill my return
could make doing taxes easier
This secure CRA service automatically fills
in parts of income tax and benefit returns
with information the CRA already has on
file.
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