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1,183 CPA candidates in Quebec successfully complete the 2020 CFE!
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Despite this year’s upheavals, 1,183 CPA candidates in Quebec successfully completed the 2020 CFE.
In September, 475 volunteers and employees of the Order were called upon to provide personalized supervision to CFE candidates in Quebec hotels and ensure optimal conditions for them regardless of the health crisis.
Among the 12 Quebec candidates who made the national Honour roll, Ariane Villemure will receive the Gold Medal in Quebec for her exceptional performance.
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Federal Fall Economic Statement 2020
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On November 30, the Government of Canada released its economic update. Support for families, simplification of the home office expense deduction, and taxation of the digital economy are some of the measures outlined in the Statement.
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Province zero-rates face masks and face shields
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The Government of Quebec is harmonizing with the federal government and temporarily eliminating the Quebec PST on face masks and face shields.
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To migrate or not to migrate to the cloud?
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Is your organization hesitant about migrating to the cloud? Leverage the experiences of an accounting firm and other organizations to learn about choosing the right IT environment for your business and important considerations to keep in mind on your cloud migration journey.
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Quebec professionals and the digital transformation
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Respond to the study carried out by the Québec Interprofessional Council on the use of digital tools by professionals. Even if you’re not an expert, your opinion is important in helping to draw a portrait of the use of new technologies and how they are perceived.
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Results of the quick poll – Where is your organization in its digital transformation?
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We asked you this question in the last edition of the newsletter. Does your organization still has work to do? Then you’re in the same boat as 85% of members!
- My organization is lagging behind: 25%
- We’re still taking baby steps: 23%
- The work is already well underway: 37%
- We can say mission accomplished: 15%
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EXPERT ADVICE AND RESOURCES
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Provincial sales tax (PST) – Broadening PST registration requirements in the western provinces
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The growth of e-commerce has led many provinces to amend their PST requirements. Henceforth, Saskatchewan and British Columbia are obliging non-resident businesses selling taxable goods and services on their territory to register for their PST.
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Indexation of the personal income tax parameters
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Effective January 1, 2021, the personal income tax parameters will be indexed at a rate of 1% at the federal level and 1.26% in Quebec.
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Bill C-9: New amendments to CEWS
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Bill C-9, which includes amendments to the Canada Emergency Wage Subsidy (CEWS) and provisions of the Canada Rent Subsidy (CRS), has been given Royal assent. The amendments are posted on the CPA Canada website (November 3 update).
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Building services businesses: New tax obligations effective January 1, 2021
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If you work in the building services business, you will be required to meet new tax obligations as of January 1, 2021.
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Application for tax benefits for businesses: Addition of discretionary power to extend the deadline
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A discretionary power has been granted to the Minister of Revenue whereby the deadline for taxpayers to file an application for tax benefits for businesses, specifically for scientific research and experimental development, may be extended under exceptional circumstances and where there are reasonable grounds to do so.
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One notice of temporary striking off the roll has been issued recently.
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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
T. 514 288-3256 1 800 363-4688
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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