Up until last month, credit card networks did not allow businesses to pass these fees to customers. That recently changed with the settlement of a class-action lawsuit that alleged certain banks and credit card networks conspired to set high interchange fees and prevent businesses from adding surcharges or refusing high-cost cards.

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.

When accounting rules become generally accepted by business and the appropriate authorities, we refer to them an "generally accepted accounting principles" (GAAPs), which are essentially the rules within which accountants are supposed to operate. GAAPs comprise assumptions, principles, standards, rules and conventions for preparing and ...

A tax clearance certificate is a document that the Canada Revenue Agency issues to the legal representative of a taxpayer, including a person, estate, trust or corporation, declaring that the income tax owing by the taxpayer and applicable interest and penalties have been paid. A tax clearance certificate is issued by the CRA pursuant to ...

Learn more about practice, standards and taxation in the Canadian accounting profession, including ethics, trends and policies related to CPAs in Canada.

Read the latest national business stories that impact Chartered Professional Accountants and accounting professionals in Canada on Canadian Accountant.

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.

2 Up from 2,000 pages since 2004. 3 Report of the Technical Committee on Business Taxation (December 1997), A Report to the Minister of Finance, at 1.2. Vern Krishna, FCGA, FCPA, CM, QC is a tax lawyer with TaxChambers LLP in Toronto. Photo by Giammarco Boscaro on Unsplash.

Here are the modules that generally pair well together: 1. Financial reporting, tax and assurance. 2. Management accounting, performance management and finance. These groupings work well together because they are either backward-looking or forward-looking. Group one generally looks at the past (and sometimes the present), while group two looks ...

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.