In part two of Seismic Shift, practitioners claim accounting firm consolidation is growing while the Big Four firms builds through advisory services.

Beyond the financial details, both accounting firms are building on recent success. TORONTO, Feb. 26, 2021 – The acquisition by homegrown accounting firm MNP of 26 Deloitte Canada offices, located mostly in Quebec, has caused a great deal of speculation as to the significance of the deal. Deloitte Canada issued a “clarification” in the ...

Part Two, Seismic Shift: Bulking up at the big firms SME practitioners claim consolidation is happening across Canada, with implications for the communities they serve. Part two of a three-part special report Profession. Jun 13, 2017 Part Three, Seismic Shift: Community concern ...

John Oakey of CPA Canada says the Prime Minister's recent comment about accountants was an unexpected turn in the capital gains debate. Sunday News Roundup 24.04.28: More capital gains, more audit powers, and more Canadian accounting news. Wrapping up the odds and ends from the past week in Canadian accounting news. Students.

This article is written by (left to right): Nancy R. Buchan, an associate professor of international business at the University of South Carolina; Wendi L. Adair, a professor of industrial-organizational psychology at the University of Waterloo; and Xiao-Ping Chen, the Philip M. Condit Endowed Chair and a professor in business adminstration at the University of Washington.

As reported by the WSJ, the bulk of the Big Four’s revenue now comes from consulting and advisory: $56 billion last year, compared to only $47 billion from auditing. ... “Not everyone agrees that quality is going up, however, with the UK’s Financial Reporting Council [FRC] providing a powerful dissenting voice,” according to the report. ...

Here’s a sample action plan to Core 1 smart studying: Step 1: Read the eBook and make notes. Step 2: Attempt the MCQs. Step 3: Debrief. Step 4: Apply what you learned on IPs. Step 5: Debrief again. Step 6: Attempt the PC. Step 7: Debrief again. Step 8: Go back to your notes and add lessons learned from the PC.

If capital losses are realized in connection with the wind-up of a corporation, it appears that subsection 40(3.6) should not be applicable. For example, see CRA Document No. 9325537 dated November 24, 1993, which seems to confirm that it is the CRA's policy not to disallow a loss on the wind-up, even if legal existence has not yet been cancelled.

Moreover, there is a lot to keep up with, because the profession has changed its way of doing things, particularly over the past ten years, says McGeachy. For example, she notes, practitioners completing more than ten paid tax returns a year must now use e-file technology, and T1 adjustments are also being done through Re-FILE.

The latest federal budget announced a Municipal Infrastructure Top-Up of $2.2 billion, which will double the amount of money municipalities generally receive through the federal gas tax fund. While this announcement is good news for municipalities, it is one-time funding and not the sustained, long-term commitment that is required.