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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.
The federal 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.
Department of Finance released draft legislation which could cause distributions from certain limited partnerships to general partners to now be subject to GST/HST.
There are potentially serious unforeseen consequences and to help illustrate this point of view, we’ve put together a few examples.
The Grant Thornton International IFRS team has published Get ready for IFRS 17: A fundamental change to the reporting for insurance contracts.
Federal Minister of Finance, Bill Morneau, presented his budget on March 22, 2017. The government is continuing with its planned focus on the middle class through innovation, skills, partnership and fairness.
The Grant Thornton International IFRS team has published IFRS Viewpoint – Preparing financial statements when the going concern basis is not appropriate.
The Grant Thornton International IFRS team has published IFRS Viewpoint – Common control business combinations.
The Tax Cuts and Jobs Act was signed into law on December 22, 2017. Several significant changes arose out of this tax legislation. Some changes contain sunrise provisions (i.e. delayed effective dates) while most of the individual changes contain sunset provisions (i.e. expiry dates), making planning rather difficult.