Effective July 1, 2010, Ontario’s Retail Sales Tax (RST) be replaced with the Ontario Harmonized Sales Tax (HST). The HST will have a combined tax rate of 13 per cent — combining the existing five per cent federal Goods and Services Tax (GST) and an eight per cent Ontario component. The HST will be administered by the Canada Revenue Agency. Read more »

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• IFRS – Latest News
• Top IFRS Issues in Canada
• IFRS – IAS 36 – Impairment of Assets
• Ontario HST Read more »

The transition from Canadian generally accepted accounting principles (GAAP) to International Financial Reporting Standards (IFRS) will be different for every company. Read more »

Sales tax harmonization in Ontario next July 1, 2010 appears closer to reality with Ontario’s Bill 218 receiving third reading on December 9, 2009 and the federal government’s Bill C-62 receiving second reading in the Senate on December 11, 2009. Read more »

The purpose of this blog is to provide readers with a basic IFRS Conversion Project Management “Road Map”. Read more »

The following is an extract from the Canadian Accounting Standards Board (AcSB) dated September 30, 2009. This has relevance to IFRS, so I thought it would be helpful to include this information on the GFS Consulting web-site. Read more »