Financial and cyber risk mitigation is critical following banking market disruption
We have identified some critical near-term actions that businesses can take to mitigate their financial and cybersecurity risks in response to the bank collapse.
AICPA – New Service Organization Controls (SOC) Guidance
The AICPA recently released updated guidance to assist teams in implementing System and Organization Controls (SOC) 2 and 3 reports.
Office of the CISO: Managing risk virtually
Conventional eGRC can prove frustrating and challenging—not to mention, it can also present obstacles that make cybersecurity and digital transformation difficult. This is where eGRC-as-a-service can make a significant difference by simplifying tasks and reducing risk. For many organizations, a virtual CISO offers key advantages.
Canada’s job gains came in hotter than expected as wage growth spiked
The net change in Canada’s total employment dropped to 21,800 from a whopping 150,000 increase in January yet remained above the expectations of only 10,000.
Is your family office reaching its full potential
Family offices are focusing on operational excellence to maximize value and optimize internal efficiencies in a technology driven environment.
2023 British Columbia Budget commentary
The 2023 budget focuses on affordable housing, growing a clean economy and providing aid to families regarding impact of inflation and rising living costs.
2023 Alberta Budget commentary
Alberta put forth a budget and fiscal framework to manage Alberta’s unique economic and revenue volatility, with the goal of paying maturing debt.
Canada’s economy stalled even as consumer spending held up
The Canadian economy stalled in the fourth quarter, eking out a 0.03% gain in what was a significant downside surprise from expectations of a 1.6% increase.
Computing UCC for newly acquired LLCs
If Canco acquires an LLC, should CCA – and similarly all other optional deductions under the Act – be considered to have been claimed for the years before the acquisition? There are valid arguments on both sides.
Welcome Relief for Certain Loans Made by LPs to Limited Partners
The CRA has provided conditions which may be satisfied for a loan from a limited partnership to not be treated as a distribution, which can trigger negative ACB and a capital gain.
Substantive CCPCs: Continuing Back to Canada
Draft legislation introduced on August 9, 2022, provides that an SCCPC will be subject to the same refundable tax on investment income as a CCPC.
This week in energy: Russia oil price cap, natural gas outlook, nuclear SMRs
In this week’s energy industry analysis, we take a look at the European Union’s latest sanction on Russian oil, the Energy Information Administration’s natural gas outlook, and plans for North America’s first small modular reactor.
Choosing the right industrial automation solution
Industrial companies can use automation to help their systems do more of the work, improving operations. By automating tasks, they can significantly improve the employee experience, creating a more engaged and loyal workforce.
3 ways to automate your business more effectively
Our focus is to understand your business challenges and, leveraging our BPS experience, create tailored solutions that extend the benefits of automation across your entire organization.
Canadian economy grew by 0.1% in November
Canada’s gross domestic product growth remained unchanged in November at 0.1% as tightened monetary policies continued to slow the economy.
Target-rich environment for middle market technology sector hiring
With a possible recession looming in 2023, 2022 was an interesting year for talent and the technology sector.
The Amended Service FAPI Rule: New Relief Available
The government released draft legislation to amend and expand the service foreign accrual property income rule thus providing welcome relief to taxpayers.
Challenges in lowering operating costs require a sound plan
Business services firms face challenges in lowering operating costs—especially labor costs.
TCC reminds corporate directors to actively consider tax
The Tax Court of Canada released a decision on director liability for unpaid GST and payroll taxes of a corporation.
Law firms: decreased demand, increased expenses show challenges ahead
Law firms are still struggling with the tight labor market and the high cost of labor.