Author: Bader A. Chowdry, CPA, CA, LPA

When ASPE 1591 requires a private company to consolidate a subsidiary versus use the cost or equity method, how ‘control’ is defined for private enterprises, and the disclosure choice every Canadian holdco with subsidiaries has to make. By Bader A. Chowdry, CPA, CA, LPA.

Ontario’s Arthur Wishart Act, 2000 requires franchisors to include financial statements in their disclosure document — when a full audit is required, when a review or notice-to-reader suffices, and the LPA sign-off rule most franchisors miss. By Bader A. Chowdry, CPA, CA, LPA.

When a loan covenant, credit-facility renewal, or landlord lease requires audited or reviewed financial statements in Ontario — what actually triggers each requirement, what each costs, and how to negotiate down from audit to review. By Bader A. Chowdry, CPA, CA, LPA.

Quick answer: As of 2026, GTA landlords generally owe only one vacant-property tax, not two. Toronto’s municipal Vacant Home Tax (VHT) is still very much in force — 3% of…

Quick answer: ASPE Section 3061, Property, Plant and Equipment, governs how Canadian private enterprises measure, amortize, and disclose tangible capital assets — buildings, equipment, vehicles, leaseholds — held for use…

Quick answer: The 2026 Ontario Budget (tabled March 26, 2026) cuts the province’s small business corporate tax rate from 3.2% to 2.2%, effective July 1, 2026. Because the change lands…