News + Articles
Congratulations Scott CPE Graduate
On behalf of the Partners and staff at Wilkinson & Company, we are proud to announce that Scott Fleming has passed Common Final Exam, the last milestone in completing the academic requirements leading to the CPA designation. A national three-day exam, the CFE assesses candidate competencies, including knowledge, professional judgment, and ethics. Congratulations Scott!
Read MoreOmicron, Inflation and the Impact on Our Investment Strategy
This article is from the Independent Accountants’ Investment Counsel Inc. (IAIC) After bouncing off new all-time highs in early November, the past two weeks saw markets make a U-turn back towards late September levels on news of a new Covid-19 variant and indications from the US Fed that inflation may persist. With the early reports…
Read MoreCPA Canada New Compilation Engagement Summary
For the first time in almost 35 years, CPA Canada has updated the standard under which compilation engagements are to be conducted. We have put together a collection of resources including FAQs to assist with the implementation of this standard Wilkinson & Company New Compilation Engagement Summary CPA Canada Compilation Engagements Management Briefing CPA Canada…
Read MoreCLIENT UPDATE – October 28, 2021 COVID RELIEF PROGRAMS
On October 21, 2021, the federal government announced the next phase of COVID relief programs for both individuals and businesses. For individuals, the Canada Recovery Benefit (CRB) ended October 23, 2021 and is being replaced with the Canada Worker Lockdown Benefit (CWLB) focused on those out of work due to a government-imposed lockdown. The existing…
Read MoreCLIENT UPDATE – October 27, 2021 Action Needed – New Online Ontario Business Portal
This bulletin is inform you of an important change in how Ontario businesses and not-for-profits will be required to deal with the Government of Ontario. Service Ontario has launched an online portal, the Ontario Business Registry, for businesses and not-for-profit corporations that are registered, incorporated, or licensed to carry on business in Ontario. This service…
Read MoreFederal Budget: 2021
On April 19, 2021 (Budget Day) Finance Minister Chrystia Freeland announced the first budget presented by the government in two years, “A Recovery Plan for Jobs, Growth, and Resilience”. The Budget indicates that the deficit for the 2020-2021 year was $354 billion, anticipates a deficit of $154 billion for 2021-2022 fiscal year and projects that…
Read MoreCLIENT UPDATE 2020 Tax Season – Providing Your Documentation
As the second round of pandemic-era personal tax season begins, we are striving to provide our clients and staff with safer alternatives for the delivery of information. The purpose of this update is to advise you of the methods which are available to you for submitting your tax information to us for preparation, and options…
Read MoreCLIENT UPDATE – Wage Subsidy Application and Reporting Deadlines Approaching
January 11, 2021 There are a number of deadlines quickly approaching for the Canada Emergency Wage Subsidy (CEWS) and the Temporary Wage Subsidy (TWS). You may miss out on these important subsidies if you apply late. In addition, there are several reporting deadlines approaching that will impact all employers, even those that did not receive…
Read MoreFirm Operation During The Provincial Lockdown CLIENT UPDATE
December 23rd 2020 Dear Valued Wilkinson & Co. Clients, As the province enters a lockdown on December 26, 2020, we will be making the following changes to our operations to ensure compliance and public safety. We will continue to provide high-level service to all our clients while lowering the levels of social contact that may…
Read MoreCLIENT UPDATE – New Rules for Employee Home Office Claims
December 22, 2020 Employees may be able to claim a home office expense if they worked from home due to the pandemic. In 2020, many employees that do not normally work from home did so either because their normal workplace was closed, they needed to care for family members or, were isolating due to health…
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