Swipe right? Choosing the best firm for your CPA journey

It’s recruiting season and you’re about to begin the whirlwind tour of accounting firms pining for your attention with socials, swag and promises of a bright future. It’s a lot of pressure in a short amount of time, and it’s no wonder students are often left pondering which firm is the best choice. Like dating, […]

Cloud-Based Accounting

Cloud-Based Accounting

Today’s accounting department should be a lean mean operating machine. How, you ask? By moving to the 21st century; integrating and automating processes and using cloud-based applications.  Accounting departments have gone from paper ledgers to computerized activities and can now move to automation. Such a move needs to be carefully planned and executed to ensure […]

Canada Emergency Business Account (CEBA) Deadline Reminder and Other Updates

Canada Emergency Business Account (CEBA) Deadline Reminder and Other Updates

Canada Emergency Business Account (CEBA) – deadline Wednesday, June 30 2021 Interest free loans for small business and NPOs (portion may be forgivable) Additional information: Application Deadline Extended to June 30th for Canada Emergency Business Account: Link Canada Emergency Business Account (CEBA) – Government of Canada: Link CEBA pre-screen tool: Link We suggest you review the CEBA […]

Community Involvement: June 2021

DMCL Supports Local Communities

We are proud to support our local community here at DMCL Chartered Professional Accountants. Our Partners and Managers from our Victoria, Surrey and Port Coquitlam offices have chosen four different not-for-profit organizations to receive donations this June 2021. As long-standing members of the community, we are committed to supporting the important role these charities play […]

How to Object to a CRA Assessment

How to Object to a CRA Assessment

The ability to object to a Canada Revenue Agency (“CRA”) assessment is an integral part of the Canadian tax system. There are many reasons for filing an objection. Some of the common reasons include the following: Uncertainty whether the CRA will accept a request to adjust an income tax return; and The CRA has changed […]

Common Issues in Waterfall Calculations in Commercial Real Estate

Common Issues in Waterfall Calculations in Commercial Real Estate

Real Estate Professionals (the “Sponsor”) commonly create Real Estate LP/GP Structures as a tool to facilitate the acquisition of real estate assets and structure these acquisitions with multiple investors.  These structures provide investors (“Investor”) with an opportunity to invest in large real estate acquisitions that they may otherwise do on their own.  The Sponsors leverage […]