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Elections to the board of the Order: Candidates for the election
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- Mauricie – Centre-du-Québec – Estrie – Lanaudière : Benoit Lavigne (elected by acclamation)
- Montérégie : François Collette, Mario Gariépy and Daniel Zbacnik
- Montreal : Emilio Boulianne, Luc Gagnon, Martin Lamarre, Jean-François Oligny, Claude Thibault et Haik Vanlian
- Saguenay–Lac-Saint-Jean – Est du Québec : Nicholas Tremblay (elected by acclamation)
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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 8 to 17.
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Applications for government subsidies during the COVID-19 crisis: What are your ethical obligations?
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As many organizations seek to benefit from the array of subsidies available, CPA expertise is in unprecedented demand. Though the pressure is on, make sure to adhere to your ethical obligations.
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Individual income tax return – Relief from late filing penalties
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Since the deadline for paying tax balances due has been postponed to September 1, 2020, Revenu Québec and the CRA will not charge late filing penalties for tax returns filed by September 1, 2020.
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Extension of eligibility for the Canada Emergency Wage Subsidy (CEWS)
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The Minister of Finance has announced that the CEWS has been extended to August 29, 2020, and the eligibility criteria have been expanded.
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Review engagements – COVID-19 incidents
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The health crisis has raised new questions for many organizations. To what extent will it challenge how you plan, conduct and document review engagements?
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ASPE: Retractable or mandatorily redeemable shares and other related party financial instruments
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Following the deferral of the effective date of the modifications to section 3856, Financial instruments, for years beginning on or after January 1, 2021, we have updated our series of articles on retractable or mandatorily redeemable shares issued in a tax planning arrangement and financial instruments in a related party transaction. As these are major changes, it is important to continue preparing for them. Some companies may also wish to early adopt the modifications.
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Auditing during the pandemic: What to consider
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Auditors will need to reassess key aspects of their audits as a result of the evolving situation. Closure of offices may also impact auditors’ access to information and the planned audit approach. To help you navigate this new environment, CPA Canada has compiled an inventory of resources which highlight some important considerations in planning and performing your audits.
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COVID-19: Resources from the AcSB for applying the ASPE, ASNPO and IFRS
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To help answer questions about applying the ASPE, ASNPO and IFRS during the pandemic, the AcSB has released an array of resources on going concern and liquidity risk, leases, subsequent events, taxes, discount rates, fair value measurement, depreciation and debt modification.
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The Order’s ASPE working group has looked into accounting for the Temporary Wage Subsidy and the Canada Emergency Wage Subsidy
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These assistance programs are raising many questions, such as how the TWS and the CEWS should be accounted for in balance sheets and statements of income, and what TWS- and CEWS-related information needs to be included on financial statements?
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Overview of tax activities and the CRA’s answers to questions about the Canada Emergency Wage Subsidy (CEWS)
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EXPERT ADVICE AND RESOURCES
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New audit reports for public and private institutions in the health network
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Download the reports (in French only) prepared by our working group on the health and social services network to be issued in 2020:
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Expert advice and resources
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This email was sent by the Quebec CPA Order.
5, Place Ville Marie, bureau 800
Montréal (Québec) H3B 2G2
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You have received this email because it is a communication concerning the requirements of members of the Quebec CPA Order and/or candidates for the practice of the profession. For that reason, you cannot unsubscribe from this communication.
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