Accounting Standards for Private Entities (ASPE) Date

Section 3856: Financial Instruments

Section 3031: Inventories
Section 1582, 1590, 1601, and 1602: Business Combinations, Subsidiaries, Consolidation, Non-Controlling Interest
Section 3051: Investments
Section 3055: Interests in Joint Ventures
Section 3061: Property, Plant and Equipment
Section 3064: Goodwill and Intangible Assets
Section 3063: Impairment of Long-Lived Assets
Section 3290: Contingencies
Section 3110: Asset Retirement Obligations
Section 3800: Government Assistance
Section 3400: Revenue
Section 3820: Subsequent Events
Section 3831: Non-Monetary Transactions
Section 3475: Disposal of Long-Lived Assets and Discontinued Operations
Section 3840: Related Party Transactions
Section 3065: Leases
Section 3465: Income Taxes
International Financial Reporting Standards (IFRS) Date
IFRS 15 – Revenue
IAS 32/39: Financial Instruments
IAS 2: Inventories
IFRS 7 & IAS 27: Business Combinations, Consolidated And Separate Financial Statements
IAS 28: Investment in Associates
IAS 31: Interests in Joint Ventures
IAS 16: Property, Plant and Equipment
IAS 40: Investment Properties
IAS 38: Intangible Assets
SIC 32: Intangible Assets – Website Costs
IAS 36: Impairment of Assets
IAS 37: Provisions, Contingent Liabilities & Contingent Assets
IAS 41: Agriculture
IAS 20: Accounting for Government Grants and disclosure of Government Assistance
IAS 18: Revenue
IFRIC 13: Customer Loyalty Programmes
SIC 31: Revenue — Barter Transactions Involving Advertising Services
IFRS 5: Non-Current Assets Held For Sale and Discontinued Operations
IAS 24: Related Party Disclosures
IAS 17: Leases
SIC 15: Operating Lease – Incentives
IFRIC 4: Determining Whether an Arrangement Contains a Lease
IAS 12: Income Taxes
Accounting Standards for Not-For-Profit Organizations (ASNPO) Date
Intro: Accounting for Not-for-Profit Organizations
Section 4400: Financial Statement Presentation by Not-for-Profit Organizations
Section 4410: Contributions – Revenue Recognition
Section 4420: Contributions Receivable
Section 4431: Tangible Capital Assets Held by Not-for-Profit Organizations
Section 4432: Intangible Assets Held by Not-for-Profit Organizations
Section 4440: Collections Held by Not-for-Profit Organizations
Section 4450: Reporting Controlled and Related Entities by Not-for-Profit Organizations
CANADIAN AUDITING STANDARDS (CAS) Date
CAS 200: Overall Objectives of the Independent Auditor and the Conduct of an Audit in Accordance with Canadian Auditing Standards
CAS 210: Agreeing the Terms of Audit Engagements
CAS 220: Quality Control for an Audit of Financial Statements
CAS 230: Audit Documentation
CAS 240: The Auditor’s Responsibilities Relating to Fraud in an Audit of Financial Statements
CAS 250: Consideration of Laws and Regulations in an Audit of Financial Statements
CAS 260: Communication with those Charged with Governance
CAS 265: Communicating Deficiencies in Internal Control to those Charged with Governance and Management
CAS 300: Planning an Audit of Financial Statements
CAS 315: Identifying and Assessing the Risks of Material Misstatement through Understanding the Entity and its Environment
CAS 320: Materiality in Planning and Performing an Audit
CAS 330: The Auditor’s Responses to Assessed RisksCAS 330 The Auditor’s Responses to Assessed Risks
CAS 402: Audit Considerations Relating to an Entity Using a Service Organization
CAS 450: Evaluation of Misstatements Identified During the Audit
CAS 500: Audit Evidence
CAS 501: Audit Evidence — Specific Considerations for Selected Items
CAS 505: External Confirmations
CAS 510: Initial Audit Engagements — Opening Balances
CAS 520: Analytical Procedures
CAS 530: Audit Sampling
CAS 540: Auditing Accounting Estimates, Including Fair Value Accounting Estimates, and Related Disclosures
CAS 550: Related Parties
CAS 560: Subsequent Events
CAS 570: Going Concern
CAS 580: Written Representations
CAS 600: Special Considerations — Audits of Group Financial Statements (Including the Work of Component Auditors)
CAS 610: Using the Work of Internal Auditors
CAS 620: Using the Work of an Auditor’s Expert
CAS 700: Forming an Opinion and Reporting on Financial Statements
CAS 705: Modifications to the Opinion in the Independent Auditor’s Report
CAS 706: Emphasis of Matter Paragraphs and Other Matter Paragraphs in the Independent Auditor’s Report
CAS 710: Comparative Information — Corresponding Figures and Comparative Financial Statements
CAS 720: The Auditor’s Responsibilities Relating to Other Information in Documents Containing Audited Financial Statements
CAS 800: Special Considerations — Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks
CAS 805: Special Considerations — Audits Of Single Financial Statements And Specific Elements, Accounts Or Items Of A Financial Statement
CAS 810: Engagements to Report on Summary Financial Statements

OTHER CANADIAN STANDARDS

CSAE 3416: Reporting on Controls at a Service Organization
Section 5025: Standards for Assurance Engagements Other than Audits of Financial Statements and Other Historical Financial Information
Section 5815: Audit Reports on Compliance with Agreements, Statutes and Regulations
Section 8100: General Review Standards
Section 8500: Reviews of Financial Information Other than Financial Statements
Section 8600: Reviews of Compliance with Agreements and Regulations
Section 9100: Reports on the Results of Applying Specified Auditing Procedures to Financial Information Other than Financial Statements
Section 9110: Agreed-Upon Procedures Regarding Internal Control over Financial Reporting
Section 9200: Compilation Engagements
PERSONAL Date
1 Specialized Topics
Taxable Canadian Property Defined
Determining Residency
Implications of Emigrating from Canada | Departing Canada Rules
Divorce of a Taxpayer
Death of a Taxpayer
Pension Income Splitting

2 Division B Income: Income for Tax Purposes

2.1 Employment Income: Employees
Employee vs. Independent Contractor
Employment Income | Inclusions and Exclusions
Employee Disability Insurance Plans and Automobile Benefits
Employee Stock Option Plans
Loans from Employers to Employees
Allowances and Deductions from Employment Income
Social Assistance and Worker’s Compensation

2.2 Business Income for Individuals: Self-Employed Individuals

Business Income vs. Capital Gains
Income or Loss from a Business
Reserves for Tax Purposes
Capital Cost Allowance for Depreciable Capital Assets
CCA Classes & Rates

2.3 Income From Property: Individuals

Income from Property | Interest, Dividends, Rent, and Royalties
Attribution Rules
Deductability of Interest Expense and Carrying Charges

2.4 Capital Gains: Individuals

Capital Gains and Losses
Replacement Property Rules
Personal Use Property (PUP) and Listed Personal Use Property (LPP)
Allowable Business Investment Losses (ABIL)
Lifetime Capital Gains Deduction on QSBC Shares
Principal Residence Exemption
Renting Out a Principal Residence – Change In Use Rules
Attribution Rules
Disposal of Land and Adjacent Building

2.5 RRSP and Other Tax Deferred Plans

RRSP and Other Tax Deferred Plans
Basics of Tax Deferred Savings Plan and RRSP
Life Long Learning Plan (LLP)
Registered Education Savings Plan (RESP)
Tax Free Savings Account (TFSA)

2.6 Other Income Inclusions and Other Deductions for Individuals

Overview of Other Income and Deductions
Moving Expenses
Child Care Expenses
3 Taxable Income for Individuals: Division C Deductions
Division C Deductions for Individuals

4 Tax Payable and Tax Credits for Individuals

Ontario Marginal Rates and Comparable Provincial Marginal Rates at Top Bracket for 2018
Tax Credits for Individuals – Summary
Tax Credits for Individuals – Detailed Explanation
Deadlines, Installments, Interest and Penalties
CORPORATE Date
1 General Corporate Tax Topics
Residency of Corporations
Taxable Canadian Property Defined
Advantages and Disadvantages of Incorporation
Canadian Controlled Private Corporation (CCPC) and Implications
Active Business Income (ABI)
Personal Service Business (PSB) and Specified Investment Business (SIB)
Shareholder Loans – Loans made by corporation to shareholders
Related Corporations and Implications
Affiliated Corporations and Implications
Associated Corporations and Implications

2 Division B Income: Income for Tax Purposes

2.1 Business Income Earned by Corporations
Business Income vs. Capital Gains
Income or Loss from a Business
Reserves for Tax Purposes
Capital Cost Allowance for Depreciable Capital Assets
CCA Classes & Rates

2.2 Property Income Earned by Corporations

Income from Property | Interest, Dividends, Rent, and Royalties

2.3 Capital Gains: Corporations

Capital Gains and Losses
Replacement Property Rules
Allowable Business Investment Losses (ABIL)
Disposal of Land and Adjacent Building

3 Taxable Income for Corporations: Division C Deductions

Division C Deductions for Corporations

4 TAX PAYABLE FOR CORPORATIONS: DIVISION E

Overview of Federal and Provincial Corporate Tax Rates
Federal Taxes Payable Calculation | Provincial Abatement | Small Business Deduction | Additional Refundable Taxes | M&P Deduction | General Rate Reduction
Refundable Taxes | Part I Refundable Tax | Part IV Refundable Tax | Refundable Dividend Tax on Hand (RDTOH)| Dividend Refund
Scientific Research And Experimental Development (SRED) & Investment Tax Credit (ITC)
Deadlines, Installments, Interest and Penalties

5 CORPORATE DISTRIBUTIONS - DIVIDENDS

General Rate Income Pool (GRIP) – Canadian Controlled Private Corporation (CCPC)
Lower Rate Income Pool (LRIP) – Non-Canadian Controlled Private Corporation (Non-CCPC)
Capital Dividend Account (CDA)

6 CORPORATE REORGANIZATION
6.1 Tax Free Rollovers
Section 85(1) Rollover: Tax Free Rollover to Corporations
Section 85.1 Rollover: Share for Share Exchange
Section 86 Rollover: Exchange of Shares in an Internal Reorganization
Section 87 Rollover: Amalgamations
Section 88(1) Rollover: Winding-up of a Subsidiary
Tax Planning: Vertical Amalgamation vs. Winding-up
6.2 Other Reorganization Issues
Acquisition of Control (AOC) Rules
Sale of Assets of a Corporation vs. Sale of Shares of the Corporation
Dividend Stripping: Section 84.1
Capital Gains Stripping: Section 55(2)