Prime Minister Mark Carney announces support for Canada’s lumber industry citing heavy reliance on US exports and vulnerability to trade policies.
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Financial reporting and accounting advisory services
You trust your external auditor to deliver not only a high-quality, independent audit of your financial statements but to provide a range of support, including assessing material risks, evaluating internal controls and raising awareness around new and amended accounting standards.
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Accounting Standards for Private Enterprises
Get the clear financial picture you need with the accounting standards team at Doane Grant Thornton LLP. Our experts have extensive experience with private enterprises of all sizes in all industries, an in-depth knowledge of today’s accounting standards, and are directly involved in the standard-setting process.
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International Financial Reporting Standards
Whether you are already using IFRS or considering a transition to this global framework, Doane Grant Thornton LLP’s accounting standards team is here to help.
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Accounting Standards for Not-for-Profit Organizations
From small, community organizations to large, national charities, you can count on Doane Grant Thornton LLP’s accounting standards team for in-depth knowledge and trusted advice.
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Public Sector Accounting Standards
Working for a public-sector organization comes with a unique set of requirements for accounting and financial reporting. Doane Grant Thornton LLP’s accounting standards team has the practical, public-sector experience and in-depth knowledge you need.
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Tax planning and compliance
Whether you are a private or public organization, your goal is to manage the critical aspects of tax compliance, and achieve the most effective results. At Doane Grant Thornton, we focus on delivering relevant advice, and providing an integrated planning approach to help you fulfill compliance obligations.
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Research and development and government incentives
Are you developing innovative processes or products, undertaking experimentation or solving technological problems? If so, you may qualify to claim SR&ED tax credits. This Canadian federal government initiative is designed to encourage and support innovation in Canada. Our R&D professionals are a highly-trained, diverse team of practitioners that are engineers, scientists and specialized accountants.
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Indirect tax
Keeping track of changes and developments in GST/HST, Quebec sales tax and other provincial sales taxes across Canada, can be a full-time job. The consequences for failing to adequately manage your organization’s sales tax obligations can be significant - from assessments, to forgone recoveries and cash flow implications, to customer or reputational risk.
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US corporate tax
The United States has a very complex and regulated tax environment, that may undergo significant changes. Cross-border tax issues could become even more challenging for Canadian businesses looking for growth and prosperity in the biggest economy in the world.
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Cross-border personal tax
In an increasingly flexible world, moving across the border may be more viable for Canadians and Americans; however, relocating may also have complex tax implications.
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International tax
While there is great opportunity for businesses looking to expand globally, organizations are under increasing tax scrutiny. Regardless of your company’s size and level of international involvement—whether you’re working abroad, investing, buying and selling, borrowing or manufacturing—doing business beyond Canada’s borders comes with its fair share of tax risks.
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Succession & estate planning
Like many private business owners today, you’ve spent your career building and running your business successfully. Now you’re faced with deciding on a successor—a successor who may or may not want your direct involvement and share your vision.
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Tax Reporting & Advisory
The financial and tax reporting obligations of public markets and global tax authorities take significant resources and investment to manage. This requires calculating global tax provision estimates under US GAAP, IFRS, and other frameworks, and reconciling this reporting with tax compliance obligations.
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Transfer pricing
Recognized as a leader in the transfer pricing community, our award-winning team can help you expand your business beyond borders with confidence.
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Transactions
Our transactions group takes a client-centric, integrated approach, focused on helping you make and implement the best financial strategies. We offer meaningful, actionable and holistic advice to allow you to create value, manage risks and seize opportunities. It’s what we do best: help great organizations like yours grow and thrive.
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Restructuring
We bring a wide range of services to both individuals and businesses – including shareholders, executives, directors, lenders, creditors and other advisors who are dealing with a corporation experiencing financial challenges.
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Forensics
Market-driven expertise in investigation, dispute resolution and digital forensics
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Cybersecurity
Viruses. Phishing. Malware infections. Malpractice by employees. Espionage. Data ransom and theft. Fraud. Cybercrime is now a leading risk to all businesses.
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Consulting
Running a business is challenging and you need advice you can rely on at anytime you need it. Our team dives deep into your issues, looking holistically at your organization to understand your people, processes, and systems needs at the root of your pain points. The intersection of these three things is critical to develop the solutions you need today.
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Creditor updates
Updates for creditors, limited partners, investors and shareholders.
With Canada facing record levels of illicit funds, business leaders should prudently decline to provide services when a client can't credibly explain source of funds, strengthening AML efforts.
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Governance, risk and compliance
Effective, risk management—including governance and regulatory compliance—can lead to tangible, long-term business improvements. And be a source of significant competitive advantage.
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Internal audit
Organizations thrive when they are constantly innovating, improving or creating new services and products and envisioning new markets and growth opportunities.
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Certification – SOX
The corporate governance landscape is challenging at the best of times for public companies and their subsidiaries in Canada, the United States and around the world.
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Third party assurance
Naturally, clients and stakeholders want reassurance that there are appropriate controls and safeguards over the data and processes being used to service their business. It’s critical.
Ontario introduces new rules
On November 14, 2018, the Ontario government published its long-awaited regulations for the licensing and operation of private cannabis stores in the province. The regulations are strict, keeping with the government’s stated objective of “protecting children and youth, keeping communities and roads safe, and combating the illegal market.” Private retail is anticipated to begin April 1, 2019 under the close oversight of the Alcohol and Gaming Commission of Ontario (AGCO). Ontario is currently the only Canadian province with no ‘bricks and mortar’ stores, private or public. The following are the highlights of the Ontario government announcement.

- The process for individuals and firms to apply for a private cannabis retail store licence will begin on December 17, 2018. Applicants should make haste in preparing their submissions, including securing potential retail sites, assembling personal information of key shareholders and considering how they will comply with all federal and provincial regulations.
- Each store must be a minimum distance of 150 metres (approximately 500 feet) from any school, including private and First Nation schools off-reserve.
- Retailers will not be permitted to allow anyone under the age of 19 to purchase cannabis or even enter their stores, even if they are accompanied by an adult.
- Retail storefronts can only be stand-alone stores; in other words, the store must be enclosed by walls separating it from other commercial establishments or activities. Online retail sales will continue to be delivered by the government-run Ontario Cannabis Store website.
- All retail employees will be required to complete approved training to ensure that any individual who works in the cannabis retail market is trained in the responsible sale of cannabis. The level of employee training is significant and should not underestimated.
- Applicants will be denied a licence if they possess a criminal record, including cannabis-related criminal offences, nor can they be a member of or associated with organized crime. Importantly, illegal cannabis retailers (i.e. dispensaries) that were operating after October 17, 2018 are not eligible for cannabis retail licences.
- No one operator can own or run more than 75 stores. Licensed producers (LPs) will be limited to one store at their growing facility (e.g. a farm gate store).
- A company is not eligible for a cannabis retail licence if it is more than 9.9 percent owned or controlled by one or more licensed producers or their affiliates. This restriction applies whether the LP’s ownership of the corporation is direct or indirect. These regulations will make it difficult for some LPs that currently operate or own a share of retail stores in other provinces.
- Finally, operators must be aware of and comply with comprehensive and strict regulations (per Health Canada and Bill C45) around the availability of cannabis formats (only flower/bud, oil and seeds are currently allowed for sale), product branding and promotion, and the handling of cannabis products in retail stores.
