Tag: Audit Shield

Five years of supporting CPA firms across Canada… and counting.

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By Roman Kaczynski Director, Accountancy Insurance The genesis of our story comes from an Australian CPA, frustrated with how much time was being written off due to taxation review activity. In the 18 years we have been operating in Australia and 10 in New Zealand prior to our stepping into…

Wealth Tax Finds Support Among Many Canadians

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The NDP and the Green Party revived their proposition for a wealth tax after a Parliamentary Budget Officer report back in June stated 1% of the country’s highest earners possessed over 25% of the country’s total wealth. Although the Bloc Quebecois, Liberals, and Conservatives objected to the NDP motion for…

Government Extends Tax Deadline in Response COVID-19 Pandemic

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The federal government has announced that Canadians will have extra time to file and pay their taxes this year. In response to the COVID-19 pandemic, the tax filing date has been postponed to June 1 for individuals. The deadline for trusts has been moved to May 1. The Canada Revenue…

Canada’s Economy Might be in The “Detour” Longer Than Expected

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The Canadian economy continues to struggle with its recent slowdown, and signs of recovery remain elusive. GDP fell once again in the fourth quarter of last year, in part due to a slowdown in the energy sector, which cut down on oil production. Other factors include lower household spending and…