Professional Matters NEWS AND VIEWS FOR MEMBERS TAX TALK UNIFICATION Kerry-Lynne D. Findlay,
national revenue minister, is flanked by Andrew Treusch, commissioner and CEO, CRA (left), and Kevin Dancey, president and CEO, CPA Canada
Four provinces make unification moves IN NEWFOUNDLAND and Labrador, the Chartered Professional Accountants and Public Accountants Act was proclaimed and came into force on Jan. 9, 2015. In Alberta, the Chartered Professional
Accountants Act was passed in the legis- lature on Dec. 17, 2014. In Manitoba, the identically named Chartered Professional Accountants Act was introduced in the legislature on Dec. 1, 2014. In Prince Edward Island, legislation to
formalize the unification of the three accounting bodies as CPA Prince Edward Island was passed on Nov. 27, 2014. All 40 accounting bodies in Canada
Historic agreement between two tax titans
CPA CANADA AND THE CANADA REVENUE AGENCY (CRA) signed an agreement on Nov. 26, 2014, ushering in a new era of collaboration between the organizations. Committees co-chaired by senior representatives of CPA Canada and the CRA will
identify issues and promote discussion in seven areas: services, compliance, tax administration, scientific research and experimental development, commodity tax, red-tape reduction and training. A steering committee will manage the process. Kevin Dancey, CPA Canada’s president and CEO, emphasized that the interests
of taxpayers will remain a key priority. Gabe Hayos, CPA Canada’s vice-president, taxation, called the agreement “historic,” predicting the approach will lead to greater accountability and action. “CPA Canada is among our most important partners,” said Andrew Treusch, commissioner and CEO of the CRA.
“Tagging of the legacy designation to the CPA provides full transparency and allows recruiters, hiring managers and clients to have a good understanding of the background of all of our legacy members. As we graduate individuals from the new CPA program,
they will use the CPA on its own” —JOY THOMAS QUOTED IN “THE NEW CANADIAN CPA: BRINGING TOGETHER THREE LEGACY ACCOUNTING DESIGNATIONS,” HAYS CANADA CONNECTED, ISSUE 6 Visit
cpapro.ca/whos-saying-what to read the full story
10 | CPA MAGAZINE | MARCH 2015
either have unified or are participating in discussions to unite under the CPA banner. Get the latest news at
unification.cpacanada.ca/blog/category/ news.
MEMBER RESOURCES
Put a ring on this engagement manual THE 2014 Canadian Professional Engagement Manual Plus is the essential guide to performing audit, review and compilation engagements for small and medium-sized enterprises. The “plus” — available in English only — is a set of practical short videos showing how to complete key forms. Get your copy at
cpacanada.ca/cpemplus.
Patrick Doyle
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