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Recent trade and tariff developments are creating new challenges for Canadian businesses across industries.
Prime Minister Mark Carney announces support for Canada’s lumber industry citing heavy reliance on US exports and vulnerability to trade policies.
Business owners and investors can use tools like estate freezes to navigate market volatility, boosting security and certainty in uncertain economies.
IFRS 16 represents the first major overhaul of lease accounting in over 30 years. The new Standard will affect most companies that report under IFRS and are involved in leasing, and will have a substantial impact on the financial statements of lessees of property and high value equipment.
Under IFRS 16 ‘Leases’, discount rates are used to determine the present value of the lease payments used to measure a lessee’s lease liability. Discount rates are also used to determine lease classification for a lessor and to measure a lessor’s net investment in a lease
The International Accounting Standards Board (IASB) has completed the first major overhaul of lease accounting in over 30 years. Understanding the impacts to your organization are key in preparing for the change, and avoiding potential issues with implementation and compliance.
Whether pursuing a new transaction, dealing with complex governance and compliance procedures or looking to improve competitive positioning through process and technology transformation, Doane Grant Thornton LLP can help accelerate your business advantage to grow and thrive.
The term ‘client money’ is used to describe a variety of arrangements in which the reporting entity holds funds on behalf of clients. Our view is that entities should recognise client money as an asset (and an associated liability) if the general definition of an asset contained in the Conceptual Framework for Financial Reporting (2018) is met.
One of the most common ways that Canadians are being defrauded every year is through scams whereby individuals impersonate agents of the CRA to falsely obtain confidential information for identity theft purposes. Here are 3 ways you can protect yourself from such scams.
Currently, IFRS does not provide specific guidance on accounting for crypto assets. This IFRS Viewpoint seeks to explore the accounting issues that arise for miners and validators in mining and maintaining the blockchain in accordance with existing IFRS.