Grant Thornton Feed: Services Keep informed, subscribe to our feed and get our latest updates. 2011-11-16T12:00:00-05:00 Grant Thornton Canada http://www.grantthornton.ca urn:uuid:-resources-insights-articles-Private_companies_proposals_Summary_of_recent_announcements.pdf 2017-11-02T17:01:14-05:00 On July 18, the Department of Finance released draft legislation proposing changes to the way private corporations are taxed. During the 75-day consultation period that followed, the government received more than 21,000 submissions—many of which expressed concerns with the new proposals. Among them was a rather robust submission from Grant Thornton, which reflected our views and concerns, as well as those of our clients. <a href="http://www.grantthornton.ca/resources/insights/articles/Private_companies_proposals_Summary_of_recent_announcements.pdf?jsmobile=0" >click to open PDF</a> urn:uuid:-resources-insights-articles-GST-HST_Rules_for_Limited_Partnerships.pdf 2017-10-26T15:43:57-05:00 On September 8, 2017, the Department of Finance released draft legislation which could cause distributions from certain limited partnerships to general partners to now be subject to GST/HST. <a href="http://www.grantthornton.ca/resources/insights/articles/GST-HST_Rules_for_Limited_Partnerships.pdf?jsmobile=0" >click to open PDF</a> urn:uuid:-resources-insights-articles-FallEconomicUpdate (002).pdf 2017-10-25T11:59:22-05:00 On October 24, Finance Minister Bill Morneau tabled the 2017 Fall Economic Statement. In the statement, the government reiterated its continuing focus to invest in the economy so that it works for the middle class and those working to join it. <a href="http://www.grantthornton.ca/resources/insights/articles/FallEconomicUpdate (002).pdf?jsmobile=0" >click to open PDF</a> Private business update: Government announces further changes to tax proposals urn:uuid:-resources-insights-articles-PrivateBusinessUpdate.pdf 2017-10-23T09:28:46-05:00 The federal government will not be moving forward with measures to convert income into capital gains. The announcement was just one of several made this week in response to stakeholders’ concerns regarding the government’s tax proposals affecting private companies which were released on July 18, 2017. <a href="http://www.grantthornton.ca/resources/insights/articles/PrivateBusinessUpdate.pdf?jsmobile=0" >click to open PDF</a> Income splitting rules are changing—are you ready? urn:uuid:-resources-insights-articles-IncomeSplittingv1.pdf 2017-10-19T13:12:12-05:00 Unfortunately for Canada’s private business sector, perception is everything. The perception at hand, held by Canada’s current government, is that “tax planning strategies involving corporations are being used to gain unfair tax advantages.” As a result, major changes are coming to the Income Tax Act to put a stop to it. <a href="http://www.grantthornton.ca/resources/insights/articles/IncomeSplittingv1.pdf?jsmobile=0" >click to open PDF</a> urn:uuid:-resources-insights-articles-GovtChangesToPHBsREnewTaxProposals.pdf 2017-10-19T12:55:31-05:00 The government announced a number of changes in response to the public backlash received since they released their tax proposals affecting private companies on July 18, 2017. <a href="http://www.grantthornton.ca/resources/insights/articles/GovtChangesToPHBsREnewTaxProposals.pdf?jsmobile=0" >click to open PDF</a> urn:uuid:-resources-insights-Tax Client Releases-GovtPrivateBusinessChanges 2017-10-18T16:51:45-05:00 The government announced a number of changes in response to the public backlash received since they released their tax proposals affecting private companies on July 18, 2017. Tax Planning Using Private Corporations urn:uuid:-resources-insights-articles-Tax Planning Using Private Corporations_FINAL Website Version.pdf 2017-10-12T15:18:50-05:00 Submission by Grant Thornton LLP <a href="http://www.grantthornton.ca/resources/insights/articles/Tax Planning Using Private Corporations_FINAL Website Version.pdf?jsmobile=0" >click to open PDF</a> IFRS Newsletter (September 2017) urn:uuid:-resources-insights-accounting_standards_developments-IFRS-NewsletterSeptember2017.pdf 2017-09-21T17:57:31-05:00 Welcome to IFRS Newsletter—a newsletter that offers a summary of certain developments in International Financial Reporting Standards (IFRS) along with insights into topical issues <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/IFRS-NewsletterSeptember2017.pdf?jsmobile=0" >click to open PDF</a> Bulletin de nouvelles sur les IFRS (Septembre 2017) urn:uuid:-resources-insights-accounting_standards_developments-BulletinDeNouvellesIFRS-Septembre_2017.pdf 2017-09-21T17:56:35-05:00 Voici le Bulletin de nouvelles sur les IFRS, un bulletin d’information qui offre un résumé de certains développements concernant les Normes internationales d’information financière (IFRS) ainsi qu’un aperçu de certains sujets de l’heure. <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/BulletinDeNouvellesIFRS-Septembre_2017.pdf?jsmobile=0" >click to open PDF</a> 2017 British Columbia budget update summary urn:uuid:-resources-insights-budget_analyses-BCBudgetUpdate2017.pdf 2017-09-19T09:50:25-05:00   <a href="http://www.grantthornton.ca/resources/insights/budget_analyses/BCBudgetUpdate2017.pdf?jsmobile=0" >click to open PDF</a> 2017 British Columbia update summary urn:uuid:-resources-insights-articles-BCBudgetUpdate2017.pdf 2017-09-19T09:43:21-05:00 As a result of the change in government on May 2017, Finance Minister Carole James presented a budget update on September 11, 2017. The update addresses the new government’s key commitment to improving affordability, enhancing critical services and building a strong, sustainable, and innovative economy that creates jobs and works for everyone. <a href="http://www.grantthornton.ca/resources/insights/articles/BCBudgetUpdate2017.pdf?jsmobile=0" >click to open PDF</a> Lease accounting considerations for buyers in power purchase agreements urn:uuid:-resources-insights-adviser_alerts-PPA publication - FINAL.pdf 2017-08-18T15:46:07-05:00 A power purchase agreement (PPA) is a long-term contract under which an entity (the Buyer) agrees to purchase energy (e.g., electricity or thermal energy) for a period of time from another entity that generates the energy (the Seller), usually as a method of fixing the Buyer’s price of energy. <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/PPA publication - FINAL.pdf?jsmobile=0" >click to open PDF</a> Proposed changes - Tax planning using private corporations urn:uuid:-resources-insights-articles-Proposed changes - Tax planning using private corporations.pdf 2017-08-17T13:36:12-05:00 This release highlights the proposed changes by the Department of Finance in the consultation paper, "Tax Planning Using Private Corporations", and the impact they will have on tax planning strategies involving the use of private corporations. <a href="http://www.grantthornton.ca/resources/insights/articles/Proposed changes - Tax planning using private corporations.pdf?jsmobile=0" >click to open PDF</a> Préparez-vous à l’arrivée d’IFRS 17 urn:uuid:-resources-insights-adviser_alerts-Advisor_alert_Get ready for IFRS 17 - French.pdf 2017-08-09T09:54:18-05:00 L’équipe IFRS de Grant Thornton International a publié Get ready for IFRS 17: A fundamental change to the reporting for insurance contracts (disponible en anglais seulement). <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/Advisor_alert_Get ready for IFRS 17 - French.pdf?jsmobile=0" >click to open PDF</a> Proposed changes to the voluntary disclosure program urn:uuid:-resources-insights-articles-Voluntary Disclosure Changes.pdf 2017-08-02T15:16:56-05:00 The voluntary disclosure program (VDP) was put in place to promote compliance with Canada's tax laws by encouraging taxpayers to voluntarily come forward and correct inaccurate or incomplete information, or to disclose information not previously reported. <a href="http://www.grantthornton.ca/resources/insights/articles/Voluntary Disclosure Changes.pdf?jsmobile=0" >click to open PDF</a> IFRS Newsletter (July 2017) urn:uuid:-resources-insights-accounting_standards_developments-Bulletin IFRS News_July 2017_GTLLP_ENG.pdf 2017-07-14T16:00:06-05:00 Welcome to IFRS Newsletter—a newsletter that offers a summary of certain developments in International Financial Reporting Standards (IFRS) along with insights into topical issues <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/Bulletin IFRS News_July 2017_GTLLP_ENG.pdf?jsmobile=0" >click to open PDF</a> Bulletin de nouvelles sur les IFRS (Juillet 2017) urn:uuid:-resources-insights-accounting_standards_developments-Bulletin de nouvelles IFRS_Juillet 2017_GTLLP_FR.pdf 2017-07-14T16:00:03-05:00 Voici le Bulletin de nouvelles sur les IFRS, un bulletin d’information qui offre un résumé de certains développements concernant les Normes internationales d’information financière (IFRS) ainsi qu’un aperçu de certains sujets de l’heure. <a href="http://www.grantthornton.ca/resources/insights/accounting_standards_developments/Bulletin de nouvelles IFRS_Juillet 2017_GTLLP_FR.pdf?jsmobile=0" >click to open PDF</a> Get ready for IFRS 17 urn:uuid:-resources-insights-adviser_alerts-IFRSJune17.pdf 2017-07-05T11:33:41-05:00 A fundamental change to the reporting for insurance contracts <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/IFRSJune17.pdf?jsmobile=0" >click to open PDF</a> What to expect from Canada's changing review engagement standard urn:uuid:-resources-insights-adviser_alerts-What_to_expect_Engagement_Final.pdf 2017-06-28T12:29:45-05:00 The new Canadian Standard for Review Engagements (CSRE) 2400, Engagements to Review Historical Financial Statements, becomes effective for periods ending on or after December 14, 2017 <a href="http://www.grantthornton.ca/resources/insights/adviser_alerts/What_to_expect_Engagement_Final.pdf?jsmobile=0" >click to open PDF</a>