New IFRS Standards becoming effective

New IFRS Standards Becoming Effective: Are You Ready?

There are three new International Financial Reporting Standards that become effective this year and next: IFRS 9 Financial instruments IFRS 15 Revenue from contracts with customers IFRS 16 Leases IFRSs 9 and 15 are effective for annual periods beginning on or after January 1, 2018.  Therefore, public companies with a December 31st year-end date will […]

Empty Homes Tax 2018

Empty Homes Tax: Are You prepared?

If you are a City of Vancouver residential property owner you should have recently received notification that you have to make a 2017 Property Status Declaration.  The City of Vancouver has extended the deadline to March 5, 2018. The purpose of this declaration is to determine if you are subject to Vancouver’s new Vacancy Tax […]

Revised Income Sprinkling Rules

On December 13, 2017, the Department of Finance released the much-anticipated revised rules for the tax on split income, or TOSI.  The revised TOSI rules address income sprinkling between family members, and apply to the 2018 and subsequent taxation years. The revised rules address some, but not all, of the issues with the July 18, […]