News & Events
Baker Tilly Canada’s John Oakey, CPA, offers an overview of what we know—and don’t know—about the tax implications around crypto in Canada today.
Draft legislative proposals for the excessive interest and financing expenses limitation (EIFEL) rules were introduced in early 2022 to limit interest and other financial cost deductions in accordance with an entity’s taxable earnings in Canada. These rules are consistent with the recommendations made under Action 4 of the Organisation for Economic Co-operation and Development’s (OECD) Base Erosion and Profit Shifting Project and are set to be in effect for taxation years beginning on or after October 1, 2023.
Last year, rapid inflation resulted in the fastest interest rate increase in a generation. While investment in the province remained resilient in 2022, there are signs high interest rates are slowing capital expenditures and weakening our economic outlook.
In this issue: Our cover story features profiles of the 14 outstanding honourees of CPABC's Member Recognition Program for 2022.
Plus: highlights from CPABC's latest Mental Wellness Survey; tips for managing hybrid teams; an update on global sustainability standards; a look at the proposed EIFEL rules; how accountants can (and should) leverage AI; a profile on the Auditor General of British Columbia; and more!