Canadian Tax Changes for CPAs in 2025 The 2025 tax year brings significant legislative shifts that Canadian CPAs must navigate while maintaining their professional competency through continuing professional development (CPD). From temporary GST/HST exemptions to evolving capital gains inclusion rates, these changes directly impact how accounting professionals serve their ...

Corporate responsibility expectations are transforming the accounting profession, and Canadian Certified Professional Accountants (CPAs) must adapt quickly. 98% of S&P 500 companies reported ESG information in 2022 , signaling a fundamental shift from traditional financial reporting to comprehensive sustainability disclosure. This evolution demands that CPAs move ...

Canadian CPAs face mounting pressure to deliver results while maintaining ethical standards. Recent research by the Association of Chartered Certified Accountants (ACCA) found that 64% of accounting professionals report that ethical dilemmas have become more difficult to resolve, with leadership and culture challenges topping the list of concerns. This growing complexity ...

The accounting profession is changing faster than ever. New AI tools are automating routine tasks, sustainability reporting requirements are expanding, and client expectations for strategic advisory services are rising. Recent data shows the challenge is real: 87% of Canadian finance and accounting hiring managers face difficulties finding skilled talent , with 90% ...

Every Canadian CPA will face an ethical crossroads in their career—a moment when doing what's right conflicts with what's profitable, convenient, or expected. The difference between thriving professionals and those who lose their designation often comes down to how they handle these moments. This guide breaks down the most common ethical dilemmas CPAs encounter and provides ...

It's easy to see due diligence as a superficial activity, but it's the foundation of sound financial advice and ethical practice for Canadian Chartered Professional Accountants (CPAs). In a dynamic economic landscape, where transactions are increasingly complex and regulatory scrutiny is heightened, a rigorous approach to due diligence is absolutely essential. This ...

The accounting profession in Canada is undergoing a significant transformation, with Diversity, Equity, and Inclusion (DEI) emerging as a crucial imperative. DEI is becoming a foundational pillar for successful and sustainable accounting practices. For Canadian CPAs, understanding and actively embracing DEI is not only about social responsibility but also a strategic move ...

Before identifying the list of possible or exact legal risk mitigation strategies for a business project, it is important to identify the metrics by which you will assess your options. For example, if you are dealing with an established business, I would suggest a mitigation strategy or plan that comes as close as possible to meeting the following criteria: Provides the ...

Canada’s accounting landscape is rapidly evolving, with new regulations, digital innovations, and global trends shaping the future of the profession. For CPAs and accounting professionals, attending top-tier accounting conferences in Canada is essential for staying ahead, networking, and earning CPD credits. Here’s your comprehensive guide to the most anticipated ...

For Chartered Professional Accountants (CPAs) across Canada, Continuing Professional Development (CPD) is a fundamental pillar of the profession. While often viewed primarily through the lens of annual reporting deadlines and minimum hour requirements, CPD for CPAs is also an indispensable investment in your professional future, the integrity of the accounting profession, and ...

Introduction For Chartered Professional Accountants (CPAs) in Canada, Continuing Professional Development (CPD) is a mandatory requirement for maintaining their designation. Its purpose goes beyond fulfilling a duty; CPD ensures that CPAs remain competent, current, and prepared for the challenges of a rapidly changing business environment. Ethics, as a critical part of CPD, ...

Penalty Clauses and Liquidated Damages Clauses are included in contracts to specify the amount of damages the defaulting party is required to pay the innocent party when a contract is breached. They each serve different purposes and utilize different calculation methods, but both are meant to efficiently resolve disputes and avoid legal action. Like all contract clauses, ...