Bulletin CPA - La voix officielle de l'Ordre
 
 

A true reform and professional oversight of co-ownership are needed

 
 
 

On the eve of the clause-by-clause consideration of Bill 16, which deals with, among other things, divided co-ownership, the Order has asked parliamentarians to lay the groundwork for a comprehensive reform of co-ownership by drawing on the expertise from the various disciplines concerned whose core focus is the protection of the public.

Although the bill is a step in the right direction, the issues of co-ownership financial reporting and management oversight are still unaddressed, as the lack of a competent authority in the area of co-ownership remains a major shortcoming. Nearly one in three Quebecers is a co-owner. Now, more than ever, is the time to give co-owners the means to protect their real estate asset — which is more often than not their main financial asset.

 
READ THE ORDER’S RECOMMENDATIONS
 
 
 

NEWS

 
 
 

Elections to the board of the Order: Candidates for the election

 
  • Abitibi-Témiscamingue – Nord-du-Québec: Jean-Philippe Allard, Alain Tremblay

  • Capitale-Nationale – Chaudière-Appalaches: Lise Roberge, Christine Roy

  • Montreal: Emilio Boulianne, Pierre G. Brodeur, Pasquale Di Lillo

 

Members who are eligible to vote will receive an email next week with all the information needed for e-voting, which will take place from June 10 to 19.

 
VIEW THE CANDIDATE PROFILES
 
 
 

EXPERT ADVICE AND RESOURCES

 
 
 

My Account for professional representatives: New enhancements by Revenu Québec

 

You can now more easily manage authorizations and powers of attorney, among other things, on the My Account homepage.

 
FIND OUT ABOUT ALL THE ENHANCEMENTS
 
 
 

Introduction to accounting for cryptocurrencies under ASPE

 

Want to find out more about cryptocurrencies, the possible approaches to accounting for them under ASPE and the tax implications they involve?

 
DOWNLOAD THE CPA CANADA PUBLICATION
 
 
 

Accounting for retractable or redeemable shares – ASPE briefing

 

CPA Canada has compiled the key changes resulting from the amendments to Section 3856, Financial Instruments, regarding retractable or mandatorily redeemable shares issued in a tax planning arrangement.

 
READ THE DOCUMENT
 
 
 

Project to revise ASPE related to revenue recognition

 

The AcSB has proposed amendments to Section 3400, Revenue, and invites you to submit your comments by July 31.

 
READ THE EXPOSURE DRAFT
   
ATTEND THE ROUNDTABLES
 
 
 

Employee future benefits under ASPE – Use of a funding valuation — Stabilization provision

 

The AcSB has been busy clarifying its intent regarding the stabilization provision established in 2016 by Retraite Québec for private sector plans.

 
FIND OUT ABOUT THE STATUS OF THIS PROJECT
 
 
 

Results of the Government Not-for-Profit Consultations and Invitation to Comment

 

The consultation paper sets out three main concerns: diversity in financial reporting practices, financial statement presentation and endowment contributions. PSAB is requesting your input by September 30 that will guide it in determining its next steps relating to the GNFP Strategy.

 
CONSULT IN BRIEF
   
READ THE CONSULTATION PAPER
 
 
 

Review of PSAB’s approach to international public sector accounting standards

 

PSAB has published a second Consultation Paper which summarizes the feedback received on the different options and decision-making criteria outlined in the first consultation on the international strategy in 2018. In your opinion, which option best meets the Canadian public interest? Provide your feedback by September 30.

 
ACCESS THE CONSULTATION PAPER
 
 
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