Update: January 6, 2009
Publications
2008-12-22 Goodwill Impairment Assessments
This newsletter provides a summary of the requirements under Canadian GAAP for making fair value assessments of
goodwill impairment.
Tax Memo: Functional Currency Tax Reporting
This Tax Memo discusses changes to section 261 of the Income Tax Act.
PwCCF Capital Markets Flash - December 19, 2008 -- PricewaterhouseCoopers Canada
This issue of Capital Markets Flash discusses the drop in the US Consumer Price Index, the Canadian government’s acknowledging that Canada is in recession, and the auto industry bailout.
Tax Memo: Tax-Free Savings Account
This Tax Memo discusses the Tax-Free Savings Account, its rules and how it can benefit you.
Construction Disputes
This brochure focuses on which issues companies should consider when such a dispute arises, and some of the ways PwC
can assist counsel and clients during the dispute resolution process.
Tax Memo: Enhancing Canada’s International Tax Advantage
Read this summary of the Advisory Panel on Canada’s System of International Taxation recommendations for improving
Canada’s international tax system and PricewaterhouseCoopers’ commentary.
Tax Memo: Ontario Property Tax Alert
Learn how the new Ontario property tax assessments may affect you and how to get started with your property assessment
appeal.
IFRS: Managing Change for the Tax Function
The adoption of International Financial Reporting Standards (IFRS) is being discussed at Board of Directors meetings
and senior executive meetings for all publicly accountable entities in Canada and most multinational companies.
Strengthening leadership and governance for nonprofit boards
The following article is based on a presentation about not-for-profit boards made at PricewaterhouseCoopers’ Toronto
office in October 2008 by Bill Ryan, director of the Nonprofit Governance Accountability Project.
Tax Memo: Canada-US Income Tax Treaty
On December 15, 2008, the fifth Protocol (the Protocol) to the Canada-US Income Tax Convention entered into force when
Canada and the US notified each other that their respective applicable procedures have been satisfied.
IFRS News -- December 2008
IFRS News is a monthly global publication that provides IASB technical updates and PwC insights into the impact of the
adoption of International Financial Reporting Standards (IFRS) and may be helpful as you move toward conversion.
Press releases
Canada’s equity markets enter uncharted territory after six months of no TSX IPO activity
Without a single initial public offering on Canada’s senior equity exchange in the last six months, 2008 was the worst
year for IPOs in the history of the annual survey of Canada’s equity markets by PricewaterhouseCoopers (PwC), the
firm’s 2008 summary has revealed.
Outsourcing in a downturn: standing on the sidelines is not an efficient response, says PwC
Difficult economic conditions around the world have encouraged many organizations to look at alternative service
delivery models like outsourcing and offshoring to address various short- and long-term business concerns.
PwC study recommends action be taken to drive the Atlantica Region’s forestry industry to forefront of renewable energy
economy
Actions must be taken to implement renewable energy technologies in the Atlantica Region’s forest products industry,
says a new report released today by the Atlantica BioEnergy Task Force.
PwC awards GTA Volunteers of the Year: $5,000 donated to winners’ non-profit organizations
Five staff members from the Greater Toronto Area (GTA) offices of PricewaterhouseCoopers (PwC) have been named
Volunteers of the Year for 2008.
Maximize tax savings: PricewaterhouseCoopers’ top tips for private companies
As global economic uncertainty continues to loom, one thing is certain: Canadian private companies should not pay more
tax than they have to.
Update: December 16, 2008
Publications
Observations and Issues in respect of Section 261 — Rules Relating to Functional Currency Reporting
In this November 28, 2008 submission, PwC comments on and requests certain modifications to the proposed amendments to
section 261 of the Income Tax Act.
PwCCF Capital Markets Flash - December 12, 2008 — PricewaterhouseCoopers Canada
This issue of PwCCF Capital Markets Flash discusses stalling imports and exports in emerging markets, new data on
delinquent mortgages, and other hot topics for the week.
In Print: Canadian Export Controls
This PwC Canada paper provides an overview of Canada’s export controls program.
2008-12-12 FYI Accounting Standards — December 2008
This newsletter contains the December 2008 edition of the CICA FYI Accounting Standards Report.
Conserving Shareholder Value Through Asset Preservation
This fact sheet explores business issues related to asset preservation, explains how PwC can help as your independent
financial advisor, and outlines matters to consider when implementing an asset preservation program.
Distressed Mergers & Acquisitions
With the financial crisis, now is an ideal time to assess the appropriateness of distressed M&A as a strategic tool.
This article focuses on the buyer’s perspective.
Developments: SR&ED Planning for Ontario Corporate Tax Harmonization
This Developments issue highlights the key and opportunities issues facing SR&ED claimants after the harmonization of
the Ontario and federal corporate tax systems.
2008-12-11 FYI Accounting Standards — Special Edition 2008
This newsletter contains the Special Edition 2008 of the CICA FYI Accounting Standards Report.
The Sustainability/IT Dialogue
This following white paper offers insights into how Chief Information Officers (CIOs) and Chief Sustainability Officers
(CSOs) could work together to improve both sustainability and IT results for their organizations.
Confidence in the Face of Turmoil
The following publication discusses the impact of the financial crisis on outsourcing and offshoring.
The Bridge — Volume 2, Issue 1
In this issue: Darwin’s Theory and the Evolution of Business, Selecting and Developing Successors.
2008 Global Gold Price Survey Results
This year’s survey covers 45 gold mining and development companies with global operations.
Global Credit Crisis: Challenges Facing your Company in these Uncertain Times
The following is the full presentation of our Global Credit Crisis seminar, held in Windsor, Ontario on November 25,
2008.
Maximize Your Tax Savings
An economic downturn is not the time to be paying more tax than you should. This article discusses how to maximize your
tax savings during uncertain times.
Ontario Corporate Tax Harmonization for Insurance Companies
This Tax Memo addresses Ontario corporate tax harmonization issues that affect insurance companies.
PwCCF Capital Markets Flash - December 5, 2008 — PricewaterhouseCoopers Canada
This issue of PwCCF Capital Markets Flash, from December 5, 2008, discusses job losses, the US auto sector’s plea for
money, and the steep drop in the price of oil.
Corporate Finance: Retail and Consumer Products Credentials
The following brochure presents recent Canadian and global transactions that we have completed for the retail and
consumer products sector and details on some of the services we provide.
Corporate Finance: Plastics Credentials
The following brochure presents selected recent Canadian and global transactions that we have completed for the plastics
sector, as well as details on some of the services we provide.
Commodity Clips, November/December 2008
This issue covers the following: GST, HST, Refunds of Overpayments of Tax, Manufactured Homes for Residential Use, Bona
Fide Farmers and Commercial Fishers, Exemption for Indians and Indian Bands, Sales and Leases of Portable Buildings,
Manufacturers, Oil and Gas Industry.
Press releases
PwC study shows more dialogue needed between IT and sustainability functions
The dialogue between IT and sustainability functions within organizations is in the developmental stages.
Survey unveils key steps retailers are taking this holiday season and in 2009 to combat current economic challenges
The macroeconomic environment is demanding CFOs of retail companies examine and adjust their financial and operational
plans quickly in order to counteract the dramatic decrease in consumer spending.
PwC Vancouver Volunteer of the Year honoured with a $2,000 donation to his charity
PricewaterhouseCoopers (PwC) recognizes staff member Rob Philipp as the 2008 Vancouver Volunteer of the Year for his
outstanding work with Temple Sholom.
Gold holding its own: PricewaterhouseCoopers survey
Despite current market conditions and commodity prices, 2008 was a strong year for gold. According to the annual
PricewaterhouseCoopers (PwC) Global Gold Price Survey, released today, the price started at US$846 on January 2 and
averaged over US$800 for the year.
Best practices of leading grocery retailers drive enhanced financial results: Karabus/Willard Bishop study
In the battle to get ahead and compete, many grocery retailers are not making the tough decisions to differentiate
themselves from the pack, according to a new study from Karabus Management and Willard Bishop.
Trend is increasing for truck manufacturers to address eco-friendly solutions
Public awareness around emissions, fuel consumption, and related changes in consumer behaviour typically are key market
drivers for car manufacturers.
Update: December 3, 2008
Publications
PwCCF Capital Markets Flash - November 28, 2008 -- PricewaterhouseCoopers Canada
PwCCF Capital Markets Flash is a weekly newsletter from the PwC Corporate Finance group, which provides a summary of recent notable events in the capital markets, as well as thoughtful suggestions to help companies and organizations weather the current environment.
Tax Memo: Understanding RESPs
This Tax Memo discusses the RESP rules, including the latest changes to these rules. It will help you decide whether an RESP would be a suitable education savings vehicle for your family.
Energy News: Alberta’s New Royalty Framework
Alberta companies will have a one-time option to elect either the new Transitional Option or enter into the new Royalty Framework for new wells that are drilled.
2008-11-26 How the Credit Crunch Affects an Employer’s Accounting for and Disclosure of its Defined Benefit Pension Plans
This Newsletter discusses the impact of the credit crunch on an employer’s accounting for and disclosure of its defined benefit pension plans under Canadian GAAP.
How to Prepare for Credit Rating Reviews under S&P’s New Enterprise Risk Management Evaluation Criteria
The following publication provides details about Standard & Poor’s (S&P) new credit rating process and what it could mean to your business.
PwCCF Capital Markets Flash - November 21, 2008 -- PricewaterhouseCoopers Canada
PwCCF Capital Markets Flash is a weekly newsletter from the PwC Corporate Finance group, which provides a summary of recent notable events in the capital markets, as well as thoughtful suggestions to help companies and organizations weather the current environment.
Life Sciences Newsbrief -- November 2008, Issue #1
This issue of Life Sciences Newsbrief discusses the Ontario Tax Exemption for Commercialization, pharmaceutical outsourcing in Asia, our Q3 Money Tree Results and our Canadian Life Sciences Industry Forecast 2009.
Banking Review: Finding competitive advantage through adversity
This issue of the Banking Review focuses on some of the key issues within the Canadian banking industry, including IFRS, boosting profitability and the availability of capital to Canadian borrowers.
2008-10-21 The AcSB Exempts Certain Co-operative and Rate-regulated Enterprises from the Financial Instruments Disclosure and Presentation Standards and Provides a One Year Deferral for Non-for-profit Organizations
This newsletter provides details of the recent AcSB decision to amend Section 3862, Financial Instruments — Disclosures, and Section 3863, Financial Instruments — Presentation, to exempt certain co-operative and rate-regulated enterprises from adoption of these standards and to allow a one year deferral for not-for-profit organizations.
2008-11-19 Going Concern, Liquidity and Recoverability -- Disclosure Considerations
This newsletter contains a memorandum which highlights the recent Going Concern amendments to CICA Handbook section 1400.08A.
2008-11-18 Proposed SEC Rule: Roadmap for the Potential Use of Financial Statements Prepared in Accordance with IFRS by US Issuers
This newsletter introduces SEC Release No. 33-8982, Proposed SEC Rule: Roadmap for the Potential Use of Financial Statements Prepared in Accordance with International Financial Reporting Standards by US Issuers, published for comment on November 17, 2008.
In Print: Good News for Barbados Qualifying Insurance Companies
A technical interpretation from the CRA has put an end to the uncertainty surrounding the Canadian tax treatment of distributions from Barbados QICs to their Canadian parent companies.
2008-10-21 Practice Advice - CICA, October 2008
This Newsletter contains the October 2008 edition of the CICA Practice Advice.
IFRS News -- November 2008
IFRS News is a monthly global publication that provides IASB technical updates and PwC insights into the impact of the adoption of International Financial Reporting Standards (IFRS) and may be helpful as you move toward conversion.
2008-11-03 FYI Accounting Standards - October 2008
This Newsletter contains the October 2008 CICA FYI Accounting Standards Report.
2008-11-10 Consents in Offering Documents and Retrospective Changes in Accounting for EIC 27
This Newsletter discusses consents in offering documents and the retrospective changes in accounting for EIC 27 after the release of new CICA Handbook Section 3064, Goodwill and Intangible Assets.
Press releases
PwC Calgary Volunteer of the Year honoured with a donation to his charity
PricewaterhouseCoopers (PwC) has recognized staff member Thomas Lui as the 2008 PwC Calgary Volunteer of the Year for his outstanding work with the Ronald McDonald House (RMH) Southern Alberta.
PwC St. John’s Volunteer of the Year honoured with a $1,000 donation to her charity
PricewaterhouseCoopers (PwC) has recognized staff member Kimberly Fagan as the 2008 PwC St. John’s Volunteer of the Year for her outstanding work with St. Peter’s Anglican Church Youth Group.
PwC Saskatoon Volunteer of the Year honoured with a $1,000 donation to his charity
PricewaterhouseCoopers (PwC) has recognized staff member Glen Bailey as the 2008 PwC Saskatoon Volunteer of the Year for his outstanding work with the Canadian Crime Stoppers Association.
PwC Maritime Volunteer of the Year honoured with a $1,000 donation to her charity
PricewaterhouseCoopers (PwC) has recognized staff member Valerie Lotherington as the 2008 PwC Maritime Volunteer of the Year for her outstanding work with the IWK Health Centre Foundation.
PwC Edmonton Volunteer of the Year honoured with a $1,000 donation to his charity
PricewaterhouseCoopers (PwC) has recognized staff member Jason Kwong as the 2008 PwC Edmonton Volunteer of the Year for his outstanding work with the Hung Mun Athletic Club.
PwC Québec City Volunteer of the Year honoured with a $1,000 donation to her charity
PricewaterhouseCoopers has recognized staff member Valérie Nadeau as the 2008 PwC Québec City Volunteer of the Year for her outstanding work with Gîte Jeunesse.
PwC Ottawa Volunteer of the Year honoured with a $1,000 donation to his charity
PricewaterhouseCoopers (PwC) has recognized staff member Adam Nihmey as the 2008 PwC Ottawa Volunteer of the Year for his outstanding work with ProsperityTM Long-Term Care Fund.
PwC Southwest Ontario Volunteer of the Year honoured with a $1,000 donation to his charity
PricewaterhouseCoopers (PwC) has recognized staff member Steven Welker as the 2008 PwC Southwest Ontario Volunteer of the Year for his outstanding work with Community Justice Initiatives.
Corruption and bribery a significant problem for engineering and construction companies: PwC survey
While the prevalence of economic crime in the engineering and construction sector has levelled off in recent years, the industry still faces the significant problem of corruption and bribery.
Vancouver business leaders discuss how climate change brings opportunities and tax incentives
On Thursday, November 27, PricewaterhouseCoopers (PwC) will be hosting local Vancouver business leaders to help them gain insight and clarity on the business impact of climate change, associated business opportunities and tax incentives, as well as how to deal with changing environmental responsibility and compliance.
Electric vehicles sparking interest says PricewaterhouseCoopers
Due to the progress of enabling technologies and a host of positive drivers, pure electric vehicles are garnering plenty of attention from manufacturers and suppliers.
Total deal value and activity in the global transportation & logistics industry expected to fall short of 2007 levels: PricewaterhouseCoopers
Levels of deal activity and total deal value in the transportation and logistics (Tand L) industry announced during the first three quarters of 2008 are not likely to surpass last year’s totals, according to Intersections: Global Transportation and Logistics Mergers and Acquisitions Analysis – Third Quarter 2008, a report released today by PricewaterhouseCoopers (PwC).
Third quarter global chemicals industry M&A activity surges despite volatile economic conditions: PricewaterhouseCoopers
Large deal announcements and aggressive deal activity during the third quarter of 2008 propelled the global chemicals industry to new M&A levels, according to the PricewaterhouseCoopers (PwC) report, Chemical Compounds: Global Chemicals Mergers & Acquisitions Analysis – Third Quarter 2008.
Update: November 17, 2008
Publications
In Print: Mexico’s Corporate Flat Tax Regime
This article provides a basic overview of the new tax regime and aims to help Canadian companies operating in Mexico understand how this new regime may affect their current and future tax and cash positions in the country.
Developments — Revised Form T661: Implications for Your Company’s SR&ED Claim
This edition of Developments provides details on the nature of the T-661 changes and its implications for taxpayers who make SR&ED claims.
2008-11-14 Risk Alert — CICA, November 2008
This Newsletter contains the November 2008 edition of the CICA Risk Alert.
2008-11-11 Accounting for Impairments in Investments
This Newsletter contains a memorandum which highlights accounting for impairments in investments during this credit crunch.
Planning opportunities for public sector bodies
PwC's James Capobianco examines opportunities for the public sector to maximize their GST/HST recoveries.
PwCCF Capital Markets Flash - November 14, 2008 -- PricewaterhouseCoopers Canada
PwCCF Capital Markets Flash is a weekly newsletter from the PwC Corporate Finance group, which provides a summary of recent notable events in the capital markets, as well as thoughtful suggestions to help companies and organizations weather the current environment.
PwCCF Capital Markets Flash — October 15 — 31, 2008 -- PricewaterhouseCoopers Canada
PwCCF Capital Markets Flash is a weekly newsletter from the PwC Corporate Finance group, which provides a summary of recent notable events in the capital markets, as well as thoughtful suggestions to help companies and organizations weather the current environment.
Public-Private Partnerships Brochure
As the following brochure discusses, PricewaterhouseCoopers (PwC) adds value by linking the public and private sectors, bringing them together to develop a clear and common purpose.
PwCCF Capital Markets Flash - November 7, 2008 -- PricewaterhouseCoopers Canada
PwCCF Capital Markets Flash is a weekly newsletter from the PwC Corporate Finance group, which provides a summary of recent notable events in the capital markets, as well as thoughtful suggestions to help companies and organizations weather the current environment.
PwCCF Capital Markets Flash: Archive -- PricewaterhouseCoopers Canada
PwCCF Capital Markets Flash is a weekly newsletter from the PwC Corporate Finance group, which provides a summary of recent notable events in the capital markets, as well as thoughtful suggestions to help companies and organizations weather the current environment.
2008-10-20 Closing the GAAP: New US GAAP Pronouncements Affecting 2009 Financial Statements (includes developments to September 30, 2008)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2009 (includes developments to September 30, 2008).
2008-10-20 Closing the GAAP: New US GAAP Pronouncements Affecting 2008 Financial Statements (includes developments to September 30, 2008)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2008 (includes developments to September 30, 2008).
Insurance Review, Special Edition
In this special edition of the Insurance Review, PwC explores some of the issues insurance companies may be facing in the wake of the economic crisis.
2008-10-20 Closing the GAAP: New US GAAP Pronouncements Affecting 2008 Financial Statements (includes developments to September 30, 2008)
This Newsletter presents a summary of new US GAAP pronouncements relevant to financial statements prepared for 2008 (includes developments to September 30, 2008).
2008-10-20 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2009 Financial Statements (updated to September 30, 2008)
This Newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2009 (updated to September 30, 2008 and including CICA Release No. 50, September 2008).
Revised SR&ED Claim Form (Form T661): What to Expect
Form T661 is a critical part of any scientific research and experimental development (SR&ED) claim. This edition of Developments highlights changes that can be expected in the revised form.
The Forecast: Our Climate Change Newsletter
This PwC publication examines the various issues revolving around climate change in Canada.
Year-End Tax Planner: 2008 — for Individuals and Owner-Managed Businesses
This Year-End Tax Planner is designed primarily for individuals who have accumulated some wealth or who own their own businesses (large or small). It is current to October 29, 2008.
2008-10-20 Closing the GAAP: New Canadian GAAP Pronouncements Affecting 2008 Financial Statements (updated to September 30, 2008)
This Newsletter presents a summary of new Canadian GAAP pronouncements relevant to financial statements prepared for 2008 (updated to September 30, 2008 and including CICA Release No. 50, September 2008).
GST and Pension Funds
The following publication discusses the impact of the GST on pension funds for organizations in both the private and public sectors.
Scientific Research and Experimental Development (SR&ED) Work Outside Canada
The following publication provides details an important tax policy change to the scientific research and experimental development investment tax credit program introduced in the 2008 federal budget.
Key indirect tax issues impacting P3 infrastructure
The following publication, written by PwC’s Shawna Hansen, discusses some of the indirect tax issues involved in P3 arrangements in Canada.
The Forecast, Issue 5
This issue examines the climate change policy platforms of the four major political parties in Canada as well as the two major political parties in the United States.
In Print: Tax Incentives to Go Green
This article highlights ways to benefit from the green agenda that federal and provincial governments are pushing in the form of new taxes and fees.
Tax Memo: 2008 British Columbia Economic Plan: Highlights
British Columbia’s Economic Plan, delivered on October 22, 2008, includes measures to improve the province’s competitiveness and reduce costs for families and businesses.
Press releases
Canada’s CFO of the Year™ 2009 Award Nominations now Open
Nominations are now being accepted at www.cfoy.ca for the 2009 Canada’s CFO of the YearTM Award.
Deal value in the metals industry declines amid global financial crisis: PricewaterhouseCoopers
The current global financial crisis and economic slowdown contributed to a significant decrease in deal value in the global metals industry during the first three quarters of 2008, according to a report released today by PricewaterhouseCoopers: Forging Ahead: Global Mergers and Acquisitions Analysis — Third Quarter 2008.
PwC ranked top Financial Adviser for Canadian PPP projects
PricewaterhouseCoopers (PwC) Canada has been ranked the top Financial Adviser – Canada Public-Private Partnerships (PPP) from 2004 to October 2008, in terms of both number of deals and dollar volume, by Project Finance magazine.
PricewaterhouseCoopers donates $10,000 while celebrating volunteerism: Winnipeg staff member honoured as 2008 National Volunteer of the Year
PricewaterhouseCoopers (PwC) Canada named its 2008 National Volunteer of the Year and presented a $10,000 award to his charity, Canodia. Gerry Valois, a director with Advisory Services of PwC’s Winnipeg office, was honoured for his dedication and enthusiasm as the founder and director of Canodia.
M&A in the industrial products industry suffers as global credit crisis stirs financial doubt: PwC survey
While M&A activity in the industrial products industry performed well during the first quarter of 2008, results from the second and third quarters indicate a downward trend for most sectors, according to a series of third-quarter M&A reports released today by PricewaterhouseCoopers (PwC).
Caution describes sentiments in the Canadian real estate market: PwC and ULI survey
While the US real estate market is bottoming out, according to the annual Emerging Trends in Real Estate 2009 report released by PricewaterhouseCoopers (PwC) and the Urban Land Institute (ULI), Canadian real estate industry players are approaching 2009 with caution, but are somewhat more positive.
Changes still needed: Canadian tax system now ranks 105th in global tax survey
While Canada is gradually reducing its corporate income tax and embracing other positive tax system changes, its total tax rate rank has fallen from 99 to 105 out of a total 181 countries according to an annual study from the World Bank, IFC, and PricewaterhouseCoopers (PwC) Paying Taxes 2009.
PricewaterhouseCoopers boosts support for Thomas Grandi’s world cup return
PricewaterhouseCoopers announced a new sponsorship arrangement today in Vancouver, BC with Canadian alpine skier Thomas Grandi (Canmore, AB), as he pursues a return to competitive ski racing this season and a medal at the 2010 Olympic Winter Games.
PricewaterhouseCoopers volunteers bring valuable professional skills to non-profit boards
The growing demand for strong leadership and governance in non-profit organizations is encouraging PricewaterhouseCoopers employees to lend their expertise around the boardroom table.
Time of uncertainty is time of opportunity for private equity, says PricewaterhouseCoopers
A new report from PricewaterhouseCoopers (PwC) highlights the need for private equity firms to diversify and differentiate their businesses in these times of uncertainty and outlines the key challenges the industry must address in order to respond to today’s contracted markets.
Update: October 28, 2008
Publications
Real Measures For Market Realities
The following publication discusses which indicators should properly be used to evaluate true company performance and how companies can manage their performance while markets adjust to new economic realities.
Karabus Management: Leading Retail Practices
The following presentation was given by Antony Karabus of Karabus Management at the 2008 Retail Forward Strategy Outlook conference. Karabus Management had recently been acquired by PricewaterhouseCoopers Canada.
In Print: Canada's Tax Regime: Complexity Undermines Competitiveness — PwC's Total Tax Contribution Survey
This article discusses the results of a recent survey by PricewaterhouseCoopers examining the tax contributions of large Canadian corporations.
2008-10-17 Measuring and Disclosing the Fair Value of ABCP at September 30, 2008
This Newsletter provides general guidance on estimating the fair value of non bank sponsored asset backed commercial paper at September 30, 2008.
2008-10-21 AcSB Amends Fair Value Accounting Rules
This Newsletter summarizes our understanding of the recent amendments to CICA 3855, Financial Instruments — Recognition and Measurement.
2008-10-20 Accounting for Turbulent Times
This Newsletter contains a memorandum which highlights Canadian GAAP financial reporting issues that require special consideration as the result of the credit crunch and deteriorations in market conditions.
In Print: Provincial Move to Carbon Tax
This article provides a brief status report on the move to carbon taxes by Canadian provinces.
In Print: Provincial Environmental Fees
Provincial environmental fees get much less attention than sales taxes, but present significant administrative costs and challenges for many businesses.
Insurance Review, Fall 2008
Insurance Review’s Fall 2008 issue shares developments on the European Union’s new capital management regime and its impact on Canadian insurers. It also discusses transfer pricing issues and IFRS preparation.
Brochure: Confronting Corruption
This PDF brochure shares PricewaterhouseCoopers’ proactive and comprehensive approach to tailoring anti-corruption solutions for companies.
Putting IFRS in motion: The impact of International Financial Reporting Standards (IFRS) on the Canadian retail and consumer sector
This PwC Canada publication highlights some of the differences between Canadian GAAP and IFRS for the retail and consumer industry.
IFRS for Private Companies
This new PwC brochure covers some of the issues private companies need to think about as Canada moves to adopt IFRS by 2011.
The Forecast, Issue 4
In this newsletter, we take a closer look at two of these key climate change-related tax incentive programs — Canadian Renewable and Conservation Expenses (CRCE) and provincial carbon taxes.
2008-10-15 Amendments to IAS 39 and IFRS 7
This Newsletter describes the recent amendment by the IASB of the standards on reclassification of financial assets, IAS 39 and IFRS 7.
IFRS News -- October 2008
IFRS News is a monthly global publication that provides IASB technical updates and PwC insights into the impact of the adoption of International Financial Reporting Standards (IFRS) and may be helpful as you move toward conversion.
2008-10-03 Financial Instruments Standards Optional for Private Enterprises — Q&A
This Newsletter contains a memorandum which discusses in Q&A format the AcSB's decision to make adoption of the financial instruments standards optional for private enterprises.
Five steps to a greener business
It’s not easy being green, but more and more companies are realizing it is well worth it—both for the environment and the bottom line. PwC’s sustainability expert, Mel Wilson, presents his top five strategies to help private companies fully benefit from environmental sustainability.
2008-09-30 Financial Instruments Standards Optional for Private Enterprises — Additional Guidance
Our newsletter 2008-78 announced the Accounting Standards Board's decision to make CICA Handbook Sections 3855 and 3865 optional for private enterprises. This newsletter provides further details of this decision.
Transitioning to IFRS for Investment Funds
On September 22, 2008, PricewaterhouseCoopers’ delivered the following presentation at the Toronto Board of Trade, covering a variety of topics pertaining to IFRS and investment funds.
Commodity Clips, September/October 2008
This issue covers the following: GST, HST, Corporations, Partnerships and Joint Ventures,Tax for Fuel, Quebec Sales Tax, Jordan Free Trade Agreement Negotiations, Customs Tariff, Trade Compliance and Integrity retail sales tax.
2008-09-25 AcSB makes section 3855, financial instruments — recognition and measurement, and section 3865, hedging, optional for private eenterprises
This newsletter provides details on the AcSB decision to make CICA Handbook Sections 3855 and 3865 optional for private enterprises.
Effective Planning and Case Management for Electronic Discovery
The following article, written by PricewaterhouseCoopers’ national e-discovery practice leader Peter Vakof, discusses two significant tactics you can take to reduce the risk of noncompliance during an electronic discovery (e-discovery).
Canadian Competent Authority Update
This paper discusses recent activity undertaken by the Canadian Competent Authority to advance the handling of cases through improvements to its advance pricing arrangement program.
Press releases
Private companies in Canada are playing the long game despite economic uncertainty: PwC study
Despite a downturn in markets and fears of a worsening economy, PricewaterhouseCoopers (PwC)’ Business Insights® Survey 2008 shows that most private companies are sticking to their long-term strategies and taking a measured approached.
PwC celebrates fifth year as a top employer
PricewaterhouseCoopers (PwC) is proud once again to be named as one of Canada’s Top 100 Employers for 2009.
Construction companies need to manage the growing impact of international mobility
Over 90% of construction companies rank 'international mobility' — moving employees around the world for business needs — as important to their company's success, according to PricewaterhouseCoopers' (PwC) latest survey of construction companies around the world.
Canada's forest industry posts US$1.18 billion loss in first six months of 2008: PwC report
The PricewaterhouseCoopers Global Forest & Paper Industry Net Earnings Summary for the six month period ending June 30, 2008 provides a regional analysis of the sector's year-over-year financial performance.
No TSX activity makes third quarter IPO market lowest on record, PwC survey shows TSX-V also lower
The downward trend that began more than a year ago in the number and value of initial public offerings on Canada's equity markets plumbed new depths in the third quarter of 2008 when not a single issue reached the TSX, the latest PricewaterhouseCoopers survey of Canadian equity markets has shown.
IFRS presents opportunities for efficient IT systems, businesses
The globalization of business has led to the need for a set of common, high-quality accounting standards.
Update: September 25, 2008
Publications
Embedding Sustainable Practices
The following article discusses the recent Green Business/PricewaterhouseCoopers Sustainability Executive Roundtable and appeared as the cover story in the September 2008 issue of Green Business magazine
IFRS News — September 2008
IFRS News is a monthly global publication that provides IASB technical updates and PwC insights into the impact of the adoption of International Financial Reporting Standards (IFRS) and may be helpful as you move toward conversion.
The Road Ahead
The following publication discusses many of the key issues arising out of Canada’s adoption of IFRS as it pertains to the investment management industry.
Getting Ready for IFRS: What Directors Need to Know
Boards of directors need to be engaged now to be strategic and address the implications of the conversion to International Financial Reporting Standards for their organizations.
Wealth and Tax Matters: Autumn 2008
This issue of PwC’s Wealth and Tax Matters explores trust basics, tax-saving strategies, ways to extract money from a business, and strategies to reduce exposure to US estate taxes.
Commodity Clips: US importers Must Declare “First Sale” on Customs Entries
Effective September 20 2008, importers must declare upon entry to US customs whether the value declared for imported goods is the price paid by the buyer in the first sale.
Global Performance Management Research Study
PricewaterhouseCoopers has teamed up with international partners to create this survey to discover how leading organizations use performance management to best align their business goals with their business metrics
Construction & Building Materials Credentials
The following brochure presents selected recent Canadian and global transactions that we have completed for the construction and building materials industry
Commodity Clips, July/August 2008
This issue covers the following: GST, HST, social service tax, motor fuel tax, hotel room tax, carbon tax, retail sales tax.
Putting IFRS in Motion: The Impact of International Financial Reporting Standards (IFRS) on the Canadian Engineering and Construction Sector
The following publication highlights some of the significant differences between Canadian GAAP and International Financial Reporting Standards (IFRS) for the engineering and construction industry
The Big Table of Film and Video Incentives in Canada
This publication details tax incentives for the Canadian film, video, digital media and animation industries
Estate Tax Update: Canadians Living in the United States (Revised Edition, August 26, 2008)
Canadians who live in the United States may be regarded as US residents for US estate tax purposes and taxed in the
same manner as US citizens.
Press Releases
19 new partners and 27 new associate partners at PwC in Canada are focussed on your business issues
PricewaterhouseCoopers (PwC) is pleased to announce the admission of 19 new partners and 27 new associate partners to the Canadian firm.
Look before you buy: A Buyers’ Guide to Canada’s Sustainable Forest Products
The Forest Products Association of Canada and PricewaterhouseCoopers have developed a Canadian buyer’s guide for purchasers of wood and paper-based products.
Performance Management: A significant business issue
A new global research study is being launched today to develop a deeper understanding of leading practices in performance management and to establish whether there are links between the application of these practices and the performance of organizations.
How do private companies win the fight for talent?
The growing shortage of qualified workers in Canada is forcing private companies to work harder to get the right people in the right jobs – and place a higher priority on keeping them.
PricewaterhouseCoopers teams with UN High Commissioner for refugees to build schools for refugee children of Darfur
PricewaterhouseCoopers globally has donated more than $4 million to the Office of the United Nations High Commissioner for Refugees (UNHCR) to be used to build and operate schools for refugee children who have fled the conflict in Darfur.
Update: August 31, 2008
Publications
Estate Tax Update: US Family Members in the Canadian Family-Owned Business (Revised Edition, August 20, 2008)
Even if you are not a US citizen, if a member of your family is a US citizen or resident, traditional Canadian wills, as well as estate and tax planning, may not be effective.
Financial Reporting Release, August 2008
In this issue: The Future of IFRS, Canadian GAAP until the Transition to IFRS, CSA Views on Transitioning to IFRS, IFRS for Extractive and Rate-Regulated Enterprises, Canadian GAAP for Private Enterprises, Fair Value Accounting, Complexity in Accounting for Financial Instruments, Not-for-Profit Organizations, Emerging Issues Committee Abstracts, Appendix: IASB Projects in the Pipeline
IFRS News — July/August 2008
IFRS News is a monthly global publication that provides IASB technical updates and PwC insights into the impact of the adoption of International Financial Reporting Standards (IFRS) and may be helpful as you move toward conversion.
Putting IFRS in Motion: The impact of International Financial Reporting Standards (IFRS) on the Canadian real estate sector
This publication provides an overview of the specific challenges facing the Canadian real estate industry as part of the conversion to International Financial Reporting Standards (IFRS).
Performance Management Review: Aligning Your Organization
PricewaterhouseCoopers has developed this Performance Management Review (PMR) that enables organizations to measure their Performance Management capability.
Driving Strategy into Sustainable Performance
The following brochure provides details on PricewaterhouseCoopers’ Performance Management framework, which includes tactics on planning, implementing, evaluating and sustaining your performance management strategy
Press Releases
Establishing key performance metrics is critical for private companies: PricewaterhouseCoopers
According to PricewaterhouseCoopers (PwC), private companies need to set up very clear and precise measures—or performance metrics—to succeed in bad times as well as good.
PricewaterhouseCoopers leases 280,000 square feet to launch bcIMC's sustainable office development at 18 York Street in Toronto
PricewaterhouseCoopers leases 280,000 square feet to launch bcIMC's sustainable office development at 18 York Street in Toronto
Global Automotive M&A Deal Activity is Expected to Exceed 500 Deals by Year's End, reports PricewaterhouseCoopers LLP
Global automotive M&A deal volume in the first half of 2008 remains relatively strong based on data analyzed by PricewaterhouseCoopers.
