Publications

Being “Audit Ready” is, as the phrase implies, ensuring that your organization is prepared for an audit. For many organizations, audit readiness is often viewed as a year-end exercise focused on gathering supporting documentation and responding to auditor requests. In reality, organizations that are truly audit ready establish strong financial reporting processes throughout the year. As organizations grow, stakeholders such as lenders, investors, funding agencies, boards, and regulators increasingly rely on audited financial statements. Organizations that are not adequately prepared

Bill C-15 – Key Tax Measures On March 26, 2026, the Budget 2025 Implementation Act, No. 1 (“Bill C-15”), received royal assent, meaning that several major tax measures proposed in the 2025 federal budget, Fall Economic Statement 2024, and 2024 federal budget have all become law. This article summarizes some of the critical changes below. Lifetime Capital Gains Exemption According to Bill C-15, the lifetime capital gains exemption (“LCGE”) limit has been increased to $1,250,000 (from $1,016,836) on the sale

The 2026 Ontario Budget was delivered by Ontario’s Finance Minister on March 26, 2026. The changes to highlight include the reduction of the Ontario small business income tax rate, the increase of non-eligible dividend tax rate for individuals. There will also be changes to the immediate expensing and accelerated capital cost allowance (“CCA“) claims for certain depreciable assets. Finally, the 2026 Ontario Budget provided updates on the temporary enhanced HST relief on new homes and for first-time home buyers purchasing