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It’s time to complete your annual mandatory
declaration, pay your dues and submit your
declaration to the professional liability
insurance plan administrator. This is compulsory,
regardless of your member category. Take
care of it today or set a reminder in your
calendar.
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Comments on the Revised Conceptual Framework
for the Canadian Public Sector
The Order’s public sector working groups
have responded to the PSAB’s invitations
to comment on the conceptual framework and
reporting model.
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Exposure Draft – Revised Canadian Standard
on Assurance Engagements (CSAE) 3416
Submit your comments on the AASB’s proposed
changes and attend a virtual roundtable
discussion on the Exposure Draft.
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AcSB’s Basis for Conclusions – Retractable
or redeemable shares, related party financial
instruments and significant risk disclosures
Read the Background Information and Basis
for Conclusions relating to the December
2018 amendments to Section 3856, Financial
Instruments, and other Sections.
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Limits and rates related to the use of an
automobile: Changes in 2019
The Department of Finance Canada announced
the income tax deduction limits and expense
benefit rates that will apply in 2019 when
using an automobile for business purposes.
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AASB’s Basis for Conclusions – Reporting
on Audited Financial Statements
Keep up to date on the AASB’s amendments
to CAS 700, Reporting on Audited Financial
Statements, and read the related Basis
for Conclusions.
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Medical expense claims – Greater recognition
of psychotherapists
The tax legislation will be amended to broaden
the recognition as practitioners to all
persons duly authorized to exercise the
profession of psychotherapist, particularly
for the application of the tax credit for
medical expenses. This measure is retroactive
to 2012.
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