2020 Firm Leadership Announcements

We are excited to announce Fraser Ross, CPA, CA as the new DMCL Office Managing Partner, effective January 1st, 2020 Fraser has been a partner in our Private Enterprise group since 1999. He provides accounting, assurance, taxation and business advisory services to owner-managed businesses, not-for-profit organizations and individuals. Fraser also specializes in providing audit, review […]

2020 Retirement Announcements

Congratulations to Robert Burkart, CPA, CA on his retirement. Rob provided accounting, assurance, taxation, and business advisory services to owner-managed businesses, professional corporations, partnerships and not-for-profit organizations. We would like to thank him in for his guidance and leadership as our Office Managing Partner Please join us in congratulating Rob on a brilliant career as a CPA […]

2020 New Partner Announcements

Pictured left-to-right:Steven Reichert, CPA, CA; Michael Auras, CPA, CA; Keith Changfoot, CPA, CA. Steven Reichert, CPA, CA has joined the partnership in our Audit and Assurance Group. He has over 16 years of experience of providing accounting and assurance services to both public and private companies and not-for-profit organizations. Steven joined DMCL in April 2019 […]

Personal Income Tax Installments

Taxpayer’s earning employment income generally have income tax withheld from each paycheque by their employer.  In most cases, the total withheld over the course of a calendar year is fairly close to the taxpayer’s income tax payable for that year, such that the taxpayer has a small refund or balance owing. However, where the income […]

Changes to the BC Speculation and Vacancy Tax

Some good news – the BC government announced extensions to some temporary exemptions to the BC Speculation and Vacancy Tax (the “Spec Tax”) tax.  They also provided some clarity on other exemptions. What is the Spec Tax again?  It is a BC tax* that started in 2018 as part of BC’s housing affordability strategy to […]

Effective Divestiture Process

This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission of being the best partner in your success by keeping you aware of the latest business news. In previous articles we discussed various liquidity alternatives and how […]

Why Talking To The CRA Can Give You A Tax Headache

Many taxpayers receive requests for information from the Canada Revenue Agency.  Often the requests are for something simple, like supporting documents for your claim for charitable donations or medical expenses.  But sometimes, the requests are in the form of a lengthy questionnaire, a request for a meeting, or perhaps a telephone call[1].  You may be […]

IFRS 16 – Leases

Overview: IFRS 16 Leases was issued in January 2016 and applies to annual reporting periods beginning on or after January 1, 2019. This new standard, which will affect almost all companies that prepare financial statements in accordance with IFRS.  IFRS 16 requires that almost all leases are reflected on the balance sheet with a corresponding […]

Zero Emission Vehicles

This article is from the quarterly Canadian Overview, a newsletter produced by the Canadian member firms of Moore North America. These articles are meant to pursue our mission of being the best partner in your success by keeping you aware of the latest business news. Since March 19, 2019, companies that purchased zero-emission vehicles (such […]