Government responds to year-end blues

Article Abstract:

Canadian Min. of Finance Paul Martin has modified a budget proposal, allowing taxpayers to retain their current yearends and eliminating the tax deferral granted with a non-December yearend. Earlier, the ministry has proposed a shift to a Dec. 31 yearend for unincorporated businesses and professionals, which was met with strong objections from chartered accountants (CAs). CAs were opposed to the change as it would result in a heavy workload in the next spring for those working for unincorporated businesses and professionals.

Practice, Canada. Finance Canada

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It's a secret

Article Abstract:

Guidance on confidential communications between accountants and their clients in Canada can be found in various provincial institutes. However, applying general guidelines to specific instances often presents many problems. The general principle of professional secrecy in the provinces of British Columbia, Ontario and Quebec are discussed. To be on the safe side, accountants whose clients are acting improperly should seek legal advise.

Canada, Confidential communications

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Off limits

Article Abstract:

A new section of the Public Sector Accounting and Auditing Handbook aims to further the understanding of users regarding which of the government's assets and revenues are prohibited for general purposes. The new section specifies the three categories of financial restrictions as external restrictions, internally restricted entities and designated assets. External restrictions are the government's least available resources.

Public Finance Activities, Public Finance-Total Govt, Publishing industry, Accounting and auditing, Auditing, Public finance, Accounting firms, Government accounting, Handbooks, vade-mecums, etc., Handbooks

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