Updates on the proposed expanded trust reporting rules

Attention trustees, As we noted in previous posts, the CRA has been asking trustees to provide their details, as well as details on other trustees, the settlor, the protector (if any) and beneficiaries, starting with the 2021 T3 income tax return due March 31, 2022.  As a trustee, obtaining the information the CRA is requesting […]

Black Excellence Day

Today marks the first Black Excellence Day in British Columbia. It’s a day to celebrate Black history and learn about Black stories, Black art and Black people and a day to stand in solidarity with Black Canadians. At DMCL, we believe in the importance of uplifting diverse voices. We continue to find and implement ways […]

Notice to Reader: There’s a new compilation standard in town

After almost 35 years, the Auditing and Assurance Standards Board (AASB) issued a new standard for compilation engagements effective for periods ending on or after December 14, 2021 with earlier application permitted.

If you manage a business and engage a practitioner to compile your financial information, these changes will affect you.

2022 New Partner Announcement

We’re excited to announce four new additions to our partnership effective January 1, 2022. From home grown talent to recent team additions, each of these individuals has demonstrated exceptional skills and leadership, and we’re excited to see them continue to grow in the next chapter of their careers. Please join us in congratulating Jay Park, […]

2022 Tax Rate Cards

Download the 2022 British Columbia Tax Rate Cards for individuals and corporations. Income tax brackets, capital gains, non-eligible and eligible dividend percentages included.