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December 2021

Understanding Valuation Multiples

Valuation multiples are commonly quoted in the media in connection with public equity prices as well merger and acquisition activity. However, users often do not understand the issues relating to comparability of highly liquid public company shares and illiquid privately held companies and how to address those differences in the multiple selection. Learn more about how to use multiples in performing valuations. 

New Reporting Requirements

The province of Québec has recently aligned itself with the new federal requirements effective for fiscal years ending after December 30, 2021.  Learn more about the new reporting requirements.

An Old Standard Is Changing

Canadian Standards are changing as it pertains to the well-known “Notice to Reader” financial statement.  Section 9200, which is the current standard for Compilation Engagements, has been in effect since 1987. To put into perspective that is 34 years without significant change to a standard in an industry of everchanging and evolving standards. Learn more about the changes that are coming.  

When It Comes to the Debt Forgiveness Rules, Is All Really Forgiven? (Part 2)

In order to minimize the impact of the forgiven amount, consider transferring the forgiven amount or transferring depreciable property to a subsidiary. These practical strategies will be explored in more detail in part 2 of this article.