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The Order wishes you a very merry holiday season
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2020 was a year of resilience and courage. Now is the time to take a well-deserved break, to revel in simple joys and to concentrate on what’s most important.
Our hearts are with you, sending you a little holiday magic.
Nathalie Houle, FCPA, FCMA
Chair of the Order
Geneviève Mottard, CPA, CA
President and Chief Executive Officer
Note that our offices will be closed from December 24 to January 4.
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COVID-19: Mandatory teleworking starting today
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From December 17, 2020, to January 10, 2021, inclusive, teleworking is mandatory for office workers, except for those whose presence is considered necessary by an employer for the continuity of the organization, either public or private. You are responsible for deciding whether your operations require your employees’ physical presence in the office and complying with the guidelines for office employees and not those for priority commercial enterprises. We emphasize the need for all CPAs to comply fully with government health guidelines.
Visit the Coronavirus (COVID-19) page regularly for useful resources and help assessing the current and potential impact of the situation on the financial reporting and on the audit or review of financial statements (particularly physical inventory counts).
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Mediation enters the tax litigation arena
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Beginning on January 1, 2021, litigation between taxpayers and Revenu Québec will enter a new era. The primary and most substantial change is that tax-related contestations (formerly referred to as summary appeals) brought before the Small Claims Division can now be subject to mediation. Most importantly, CPAs, in addition to lawyers and notaries, will be entitled to act as mediators in this type of litigation. This long-awaited development will allow CPAs to facilitate the resolution of tax-related disputes and thereby improve access to justice.
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Changes to the Tax Administration Act
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Beginning on January 1, summary appeals filed with the Court of Quebec following a notice of objection will be referred to by the term “contestation.” In addition, the thresholds for bringing such litigation before the Small Claims Division will increase.
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EXPERT ADVICE AND RESOURCES
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Claiming home office expenses: Process simplified due to COVID-19
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The CRA and Revenu Québec have simplified the way employees and employers can claim home office expenses and have developed interactive calculators.
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Upgrades to CRA digital services
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Tax practitioners will notice upgrades to several CRA online services, including MyBusiness Account, Represent a Client and the new online T3 return filing tool. In addition, from January 2021, if you are a representative associated with a firm, business or group, you must provide your personal RepID code before you can represent your client.
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The impact of governmental assistance on your assurance engagements
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Did or will your clients receive governmental assistance to help mitigate the effects of the pandemic? Learn about the impact of these payments on risk assessments and audits.
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ASPE: Main points on accounting for lease modifications due to the pandemic
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Need to learn more about the primary amendments to Section 3065, “Leases,” and see some examples?
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Canada Emergency Rent Subsidy (CERS) webinar
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In a webinar co-hosted with CPA Canada, the CRA presents an overview of the CERS program and demonstrates how its application portal works.
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Filing RL-31 slips for landlords
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RECYC-QUÉBEC – Update of specified audit procedures for brewers
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RECYC-QUÉBEC has clarified and modified its specified procedures to be carried out under the agreement relating to the consignment, the recuperation and the recycling of non-refillable beer containers.
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Canada Emergency Business Account (CEBA) expansion
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Beginning on December 4, 2020, businesses may obtain a second CEBA loan of up to $20,000. This amount is in addition to the $40,000 loan that small businesses may have already been granted. The application deadline has been extended to March 31, 2021.
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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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