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Replacement Property Rules

Tue, 17 Jul 2012 00:00:00 GMT

Disposing of a business asset for proceeds in excess of its cost base will have a tax consequence, whether it is recapture of depreciation, or capital gains. Replacement property rules, however, may assist you with deferring capital gains and recapture in certain circumstances.

Waterloo-Based Accounting Firm to Merge with MNP

Tue, 13 Sep 2011 00:00:00 GMT

Marketplace to benefit with enhanced services and more resources

Montreal-Based Accounting Practice to Merge with MNP

Tue, 30 Aug 2011 00:00:00 GMT

Clients to benefit with enhanced services and more resources

Jo-Ann Lempert, of Lempert Consulting, to Join MNP

Mon, 25 Jul 2011 00:00:00 GMT

Renowned transition management Consultant to join MNP.

Vancouver Accounting Firms to Merge

Thu, 14 Apr 2011 00:00:00 GMT

MNP and Chang Lee strengthen offerings for Pacific Rim clients.

Fair Value Increase on Adoption of New Accounting Standards for Private Enterprises

Wed, 01 Dec 2010 00:00:00 GMT

After choosing whether to adopt IFRS or the newly developed ASPE, our Private Enterprise clients ask us what they need to consider before deciding to “fair value” their property, plant and equipment upon adoption of their new accounting framework. This is what we tell them.

The Trend Toward Environmental Accounting

Wed, 10 Nov 2010 00:00:00 GMT

With the recent oil spills, ongoing clean-up efforts, and an overall increase in environmental consciousness, Environmental or “Green” Accounting has come into focus.

What Credit Unions Need to Know About the New Canadian Auditing Standards (CAS)

Tue, 28 Sep 2010 00:00:00 GMT

With the adoption of Canadian Auditing Standards (CAS) for credit unions with year ends on or after December 14, 2010, the auditor's report date will be the date that the Board of Directors approve the financial statements. What will this mean for your upcoming audit?

What Credit Unions Need to Know About the New Canadian Auditing Standards (CAS)

Tue, 28 Sep 2010 00:00:00 GMT

Changes to the Auditor's Report Date May Affect Your Audit

Wed, 08 Sep 2010 00:00:00 GMT

Canadian Auditing Standards will be applicable for all Canadian audit engagements for periods ending on or after December 14, 2010. So what does this mean for your company’s audit? There is one change, specifically, that you need to be aware of.

Changes to the Auditor's Report Date May Affect Your Audit

Wed, 08 Sep 2010 00:00:00 GMT

Not for Profit Organizations – One Step Closer

Tue, 04 May 2010 00:00:00 GMT

The Accounting Standards Board (AcSB) is another step closer to determining the future for Canadian not-for-profit organizations (NFPOs).

The Transition to International Financial Reporting Standards (IFRS): Let’s Learn From Others

Wed, 31 Mar 2010 00:00:00 GMT

In 2011 (or maybe earlier), many Canadian enterprises are going to be adopting IFRS. If your company or organization is adopting IFRS, you have most likely just begun your transition. You may want to consider some of the issues these areas identified when they transitioned to IFRS, and learn from them.

PE GAAP vs IFRS - The Choice is Yours

Tue, 16 Feb 2010 00:00:00 GMT

It’s official! The new generally accepted accounting principles for private enterprises (PE GAAP) have been released. The date you need to mark in your calendar is January 1, 2011, when your private enterprise must choose to adopt either the new PE GAAP or International Financial Reporting Standards (IFRS).

Management’s Discussion and Analysis

Mon, 26 Oct 2009 00:00:00 GMT

Many companies feel that the management’s discussion and analysis (MD&A) is an obligation, but we feel that this is an opportunity to showcase your Company. The following are helpful hints to make the most of your MD&A.

Financial Reporting by Government Business Enterprises

Tue, 13 Oct 2009 00:00:00 GMT

Over the past several years, the Accounting Standards Board (AcSB) and the Public Sector Accounting Board (PSAB) have been deliberating the appropriateness of financial reporting frameworks for all types of Canadian entities.

Financial Reporting by Government Business Enterprises

Tue, 13 Oct 2009 00:00:00 GMT

The Financial Reporting Framework for Government Business Enterprises

Tue, 13 Oct 2009 00:00:00 GMT

Application of Financial Instruments for Not-for-Profit Organizations

Wed, 30 Sep 2009 00:00:00 GMT

Are NPOs required to apply the current FI standards related to recognition and measurement (i.e., Sections 1530, 1651, 3051, 3251 and 3855)?

Application of Financial Instruments for Not-for-Profit Organizations

Wed, 30 Sep 2009 00:00:00 GMT

Are NPOs required to apply the current FI standards related to recognition and measurement (i.e., Sections 1530, 1651, 3051, 3251 and 3855)?

To XBRL or not to XBRL?

Thu, 24 Sep 2009 00:00:00 GMT

On May 30, 2008, the U.S. Securities and Exchange Commission (SEC) proposed a rule that would require both U.S. and foreign public entities trading on the U.S. exchanges to file their primary financial statements using the eXtensible Business Reporting Language (XBRL) electronic data tagging taxonomy.

To XBRL or not to XBRL?

Thu, 24 Sep 2009 00:00:00 GMT

The Future of Financial Reporting by Not-for-Profit Organizations

Mon, 14 Sep 2009 00:00:00 GMT

Since becoming effective in 1997, there have been few revisions to the CICA Section 4400 Series of standards for NFPOs. However, this is about to change!

The Future of Financial Reporting by Not-for-Profit Organizations

Mon, 14 Sep 2009 00:00:00 GMT

Since becoming effective in 1997, there have been few revisions to the CICA Section 4400 Series of standards for NFPOs. However, this is about to change!

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Tue, 25 Aug 2009 00:00:00 GMT

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Tue, 25 Aug 2009 00:00:00 GMT

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One Set of Accounting Standards for all Levels of Government

Tue, 25 Aug 2009 00:00:00 GMT

In the past, there was some differentiation in the public sector accounting standards applicable to each level of government, i.e. federal, provincial, territorial and local governments.

One Set of Accounting Standards for all Levels of Government

Tue, 25 Aug 2009 00:00:00 GMT

In the past, there was some differentiation in the public sector accounting standards applicable to each level of government, i.e. federal, provincial, territorial and local governments.

Evaluation of Management Assumptions during the Economic Crisis: Impairment of Long-Lived Assets

Tue, 18 Aug 2009 00:00:00 GMT

Under Canadian GAAP, management is required to test long-lived assets for impairment whenever circumstances indicate that their carrying amount may not be recoverable. The decline in the current economic environment, including reduced market prices for assets, may result in such a circumstance.

Evaluation of Management Assumptions during the Economic Crisis: Impairment of Long-Lived Assets

Tue, 18 Aug 2009 00:00:00 GMT

Surviving the Economic Crisis

Thu, 30 Apr 2009 00:00:00 GMT

Throughout the past few years, the credit crunch in the U.S. has continued to be the topic of many conversations. Living in Canada, I will often be asked what exactly the “credit crunch” is because Canada hasn’t been affected to the same extent as the U.S.