Transition to International Financial Reporting Standards in Canada

In 2011, Canadian Generally Accepted Accounting Principles ("GAAP") will be replaced with International Financial Reporting Standards ("IFRS") an accounting standard which has already been adopted by more than 100 other countries around the world including the EU. International Financial Reporting Standards are a single set of high quality, understandable and enforceable global accounting standards.

U.S. Estate Tax Considerations For Canadians Buying U.S. Real Property

Periodically, we include guest articles from our clients and friends. This article on purchasing real estate in the U.S. comes to us from Carol Fitzsimmons of Hodgson Russ LLP, Buffalo, NY and we thank her for the contribution!

Generous to a Fault: The New Pension Income Splitting Rules

This article comes to us from Paul Neilson, a tax partner at Hudson LLP, the Calgary office of our Nexia International affiliation. As an independant member firm of Nexia International, we are able to provide clients with seamless international coverage on financial matters. With 620 offices in over 97 countries, Nexia International ensures that, regardless of where in the world a client’s business ventures take them, their accounting and other financial interests will be protected and served by experts.

DMCT is proud to continuously update our website to provide you with new and improved access to information. Please feel free to explore our site at www.dmct.com wherein you will find a new menu item, Tax Alerts updated daily. As well under the menu item Tools, you will find new dropdown features being various Financial Tools and an Information Centre.