Last week, we shared an article on the New Canadian Standards for Review Engagements and Auditor Reporting Standards. In response to changing standards, accounting firms need to keep pace and have internal structures in place to ensure that staff fully understand what is changing and when. This is where a Director of Standards plays a […]
Like all professional governing bodies, Chartered Professional Accountants of Canada (CPA Canada) often changes or refines industry standards, and has recently issued two major changes that impact all accounting firms and their clients.
“It is important to be open and honest with candidates during the recruitment process, so that when new employees join the firm, they find the environment that we had told them to expect. So, from the outset, it’s important we map out what our strengths are, and what our culture stands for. We want to make sure our values align with those of the candidate.”
At GGFL, our responsibility is to our clients, and we are laser-focused on the financial welfare of those people who put their trust in us. Understandably, clients get anxious when there are delays with CRA. So do we. Rest assured, we do all we can to expedite the process.
GGFL Wins Two Prestigious Client Service Excellence Awards
We all know that tax planning is an integral part of Estate Planning. From knowing the potential tax exposure to planning to mitigate that exposure, individuals tend to place tax planning high on the priority list. There are, however, many non-tax considerations that should be discussed when preparing a well-thought-out estate plan. This article covers just few of the many items we have come across in our estate planning practice.
Beware of phone calls, mail, emails, and text messages claiming to be from the CRA. In this article, we cover examples of common attempts at CRA email fraud.
Exclusive to Carleton and UOttawa students – GGFL will be opening our doors to give those interested in a co-op placement with our firm a chance to see the ins-and-outs of our office, and to learn about the great opportunities we have to offer. Join us on a tour of our offices and get a […]
On the breakdown of a relationship, the various tax aspects of support payments, legal costs, and division of assets are not usually a main priority; however, tax should not be ignored.
A deemed disposition applies if you choose to convert a property from your principal residence to a rental property, or vice versa. This will result in a capital gain or loss on the property realized from the date of purchase until the date of the deemed disposition.