Taxation

The Bank of Canada announces on October 28, 2026 alongside a Monetary Policy Report. What the decision changes for a corporate operating line, a shareholder loan and a year-end plan — and what it does not.

The cleanup that decides whether your year-end costs $1,500 or $6,000. Fourteen items to close before you hand the books over, with the 2026 deadlines and penalty amounts each one protects.

2026 Key Facts — Crypto Capital Gains Inside a Corporation Capital gains inclusion rate: 50% — the proposed increase to two-thirds was cancelled and is not law Additional refundable tax…

Crypto donations are legal for Ontario charities but trigger CRA gift-receipting rules, ONCA prudent-investor duties on holding vs. converting, and a governance decision most boards haven’t made yet. By Bader A. Chowdry, CPA, CA, LPA.

The Arthur Wishart Act creates an audit-or-review obligation for a franchisor’s disclosure document, but franchisee-level statement requirements come from a different source entirely: the franchise agreement and the lender, not the Act. By Bader A. Chowdry, CPA, CA, LPA.

Ontario’s annual return is separate from your CRA T2 filing, has its own deadline and fee, and missing it repeatedly can lead to involuntary dissolution. What’s actually required and how to avoid the compliance trap. By Bader A. Chowdry, CPA, CA, LPA.

When ASPE 3063 requires a private company to test a long-lived asset for impairment, how the two-step recoverability test works, and why impairment losses can’t be reversed once recognized. By 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.