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Related insights:

Tax alert T3 Schedule 15: Does your trust have additional reporting requirements?

In its last update on August 12, 2024, the Department of Finance (Finance) released draft legislation that proposes changes to these rules, which were originally enacted on December 15, 2022. It’s critical that you determine your trust’s reporting requirements each tax year as the non-compliance penalties are significant.

7 min read | 18 Nov 2024

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Related insights:

Tax Alert Flipping a house? Your gain could be fully taxable under this new rule

The federal government has released draft legislation for the new residential property flipping rule introduced in Budget 2022. Read more in our summary.

6 min read | 06 Nov 2024

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Related insights:

ASPE Sec. 3041 Agriculture Understanding and applying the new ASPE Section 3041 Agriculture
The Canadian Accounting Standards Board (AcSB) has released new guidance on recognizing, measuring and disclosing biological assets and the harvested products of bio assets.

16 Feb 2022
Tax alert Agricultural Clean Technology Program
The Agricultural Clean Technology Program will provide financial assistance to farmers and agri-businesses to help them reduce greenhouse gas (GHG) emissions.

17 Jun 2021
Tax alert ACT Program – Research and Innovation Stream explained
The ACT Research and Innovation Stream provides financial support to organizations engaged in pre-market innovation.

17 Jun 2021
Tax alert ACT Program – Adoption Stream explained
The ACT Adoption Stream provides non-repayable funding to help farmers and agri-business with the purchase and installation of clean technologies.

17 Jun 2021

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Related insights:

Real estate and construction 2024 Real estate market summary: seeking optimism in uncertainty

Looking back, the theme for 2023 in the real estate industry was one of caution as investors and real estate owners braced for the effects of rising interest and inflation rates to stabilize.

1 min read | 08 Mar 2024

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At Grant Thornton, we have the real-world experience and knowledge that can help you in considering all of your strategic alternatives. Whether it be managing...

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Helping you speak a global reporting language

Whether you are already using IFRS or considering a transition to this global framework, Doane Grant Thornton LLP’s accounting standards team is here to help. Our experts have extensive experience with the organizations that apply IFRS - public companies, large private enterprises, credit unions, rate-regulated entities, investment entities and government business enterprises.

In addition to our many years of practical experience, we are directly involved in the standard-setting process. Grant Thornton is an active member of the Canadian Accounting Standards Board’s (AcSB’s) IFRS Discussion Group, which offers a regular public forum to discuss issues that arise in Canada when applying IFRS, and contributes significantly to the Grant Thornton International IFRS Interpretations Group that discusses IFRS-related issues across the globe. We are members / past members of regulatory committees with the securities regulators, the IFRS Interpretations Committee and the Canadian Auditing and Assurance Standards Board. We work to keep our clients informed of the latest assurance developments and accounting advisory needs.

01 Cryptocurrency

IFRS Viewpoint: Accounting for crypto assets - mining and validation
IFRS Viewpoint: Accounting for cryptocurrencies - the basics

02 Leases

Insights into IFRS 16 - Lease incentives
Insights into IFRS16 - Presentation and Disclosure (July 2019)
Insights into IFRS 16 - Lease payments (March 2019)
Insights into IFRS 16 - Sale and leaseback accounting (February 2019)
Insights into IFRS 16 - Transition choices (February 2019)
Insights into IFRS 16 - Lease term (December 2018)
Insights into IFRS 16 - Definition of a lease (November 2018)
Insights into IFRS 16 - Interim periods (November 2018)
Insights into IFRS 16 - Understanding the discount rate
Advisor Alert - Lease accounting considerations for buyers in power purchase agreements
IFRS News Special Edition (February 2016)