Canadian Accountant - Accounting News & Insight
Pierre Poilievre’s axe the tax message ignores the benefits of the carbon tax for most Canadians and avoids its real target — corporations and the wealthy. Sunday News Roundup 24.10.27: St-Jean moved on, policing and property taxes, and more Canadian accounting news. Wrapping up the odds and ends from the past week in Canadian accounting news.
Accounting Principles: Part I - Canadian Accountant
May 10, 2020 · 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 ...
The top Canadian accounting stories of 2023
Feb 4, 2024 · Homegrown national accounting firm MNP LLP continued to buy up accounting practices across the nation in 2023 and it kicked off 2024 by picking up another firm in Quebec. It’s been remarkable to watch this Calgary-based firm expand its footprint in BC, Ontario and especially Quebec, after its big deal with Deloitte. 7.
Profession - Canadian Accountant
Lori Bokenfohr and Christopher Steeves of Fasken deconstruct a recent US Tax Court example of considerable multilateral cooperation between the IRS and CRA. Learn more about practice, standards and taxation in the Canadian accounting profession, including ethics, trends and policies related to CPAs in Canada.
Special Report: Deloitte Canada tops rival Canadian accounting …
TORONTO, Feb. 2, 2023 – Deloitte Canada is making more money than its Canadian accounting rivals due largely to the strength of its consulting business. In 2022, the professional services firm reported annual revenue of $3.4-billion (all figures in Canadian dollars), 50 per cent of which was earned through consulting, according to its annual ...
Top 10 Canadian accounting stories of 2020
Jan 1, 2021 · 5. The Canadian Big Four lays off thousands. To anyone who thought accounting was a recession-proof profession, 2020 must have come as something of a shock. While sources such as the Globe and Mail reported on reductions in partner draws, American accounting website Going Concern created a tracker for accounting firm layoffs, which reported job ...
CPA Standoff: Why haven’t the other provinces joined the …
OTTAWA, October 19, 2023 – Much of the attention devoted to the standoff between the national and the two provincial accounting bodies has focused on the complaints of CPA Ontario and CPA Quebec. Yet no other provincial or territorial body (PTB) has indicated an intent to leave the Collaboration Accord if there is no path forward with Ontario ...
Accounting industry resilient, surpasses pre-pandemic levels: StatCan
Jul 22, 2022 · The Canadian accounting industry proved remarkably resilient during the first year of the pandemic. While many industries posted steep revenue declines, the accounting industy was one of just four out of 12 cited in the StatCan study to post positive growth. The accounting industry posted a 2.6% increase in revenue for 2020, which was more than ...
How tough is the CPA Professional Education Program?
Aug 16, 2017 · This route will take around 2.5 years, if all goes well. You can technically pass the Common Final Examination (CFE), then obtain the necessary work experience, but this will take at least 4.5 years, so most students opt for the faster route. You will work all day, study at night and, most likely, study on the weekends as well.
Big Four accounting firms fell short of net new client gains in …
Apr 14, 2021 · PwC Canada was the runaway winner in net new client audit fees in 2020, just surpassing $3M (all figures in Canadian dollars). Its $7.86M figure in overall new audit fees was largely generated from two companies: software maker BlackBerry ($3.4M) and First Quantum Minerals ($2.2M). First Quantum was actually a client of PwC UK but changed it ...