2012 Improvements to Accounting Standards for Private Enterprises

November 14, 2012. This document sets out how the AcSB reached its conclusions. As well, it sets out significant matters arising from comments received in response to its Exposure Draft and indicates how the Board dealt with the issues raised. http://www.frascanada.ca/standards-for-private-enterprises/resources/basis-for-conclusions/item69758.pdf

Canada Revenue Agency warns Canadians about tax protester schemes

The Canada Revenue Agency (CRA) is increasing its efforts to audit and prosecute promoters of tax evasion schemes. The CRA cautions all Canadians to be aware of individuals who try to convince them to not pay their taxes. These individuals, often known as tax protesters, not only fail to report their own earnings, but they…