CMAs to join national CA merger

Clay accounting tokens, Susa, Uruk period.

While CMA organizations in most provinces have indicated willingness to work toward a merger with CAs, CMA Ontario has previously been a holdout, leaving a potentially major gap in the combination of the two accounting bodies.

The two organizations have proposed creating a new Chartered Professional Accountant (CPA) designation, streamlining a complex array of professional designations.

The national bodies for CMAs and CAs have already reached an agreement to create a new organization as of Jan. 1 to oversee the CPA Canada designation. Because accounting is provincially regulated, however, accounting bodies in each province must also agree to merge before the CPA designation can be adopted in each jurisdiction.

Canada’s third main accounting body – Certified General Accountants – is not participating in the merger in most provinces, but CGAs in Quebec have already merged with CAs and CMAs in that province.

The four accounting designations – CA, CMA, CGA and now CPA – will all be in existence for some time as the mergers unfold, and as long as any provinces do not join.

via Ontario CMAs to join national merger talks – The Globe and Mail.

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Ottawa free trade talks with China

BEIJING, CHINA - FEBRUARY 08:  Chinese Premier...

OTTAWA — The Conservative government is expected to announce in the coming days that it has cleared the first hurdle towards free trade talks with China.

Canada and China launched a joint study during Prime Minister Stephen Harper‘s trip to China in February that is aimed at determining ways to enhance trade and economic activity between the two countries.

The study was to be completed by the end of May, and industry representatives say they have been told the high-level assessment went better than expected.

China has emerged as Canada’s second-largest trading partner after the United States and a major source of foreign investment — including $10 billion into Alberta’s oilsands and B.C.’s shale gas deposits.

Kathleen Sullivan, executive director of the Canadian Agri-Food Trade Alliance, said members of her association had expected the results of the study to be released last week, but the government seems to be waiting for the right moment.

Whenever the results are released, however, the key question will be what comes next.

via Ottawa inching closer to free trade talks with China.

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SAICA extends tax offering to public

Institute of Chartered Accountants Australia -...

Johannesburg, Wednesday, 25 April 2012 – As tax legislation continues to be more complex and turbulent, the South African Institute of Chartered Accountants Saica has launched the Tax Suite, a tax knowledge-based platform aimed at keeping local practitioners, advisers and just about anyone that has anything to do with tax abreast of international and local best practice.Offered to both Saica members and non-members alike, the subscription-based web product is a comprehensive and broad tax resource offering on the South African market, backed by the countrys authoritative chartered accounting body.

Chartered Accountants already have access to Saicas normal tax resources, but the Tax Suite goes beyond this. It provides a great opportunity for all participants in the tax space, not affiliated with the institute, to receive a range of services at CA-quality levels not yet seen in the marketplace,” explains Saicas Standards Senior Executive Muneer Hassan pictured.According to Hassan, no other tax resource on the market delivers the same value-add that the Tax Suite does. Not only is there value inherent in court case analyses, Tax Suite newsletters and journals, and in the business matching feature, but the Tax Suite is staffed by a uniquely qualified team.There are, according to SARS, more than 34,000 tax practitioners in South Africa. Hassan believes that the Tax Suite service will find wide appeal from both members who practice in tax, and from a much wider audience of tax practitioners. “We have already received positive feedback from the legal fraternity, and the broad tax advisory industry. There are competitive offerings,” says Hassan. “but none that have the depth of staff, or value that our Tax Suite provides. We are confident that this service will become South Africas premier tax reference site in a short space of time.”

via Moneywebtax – Saica extends tax offering to public – Integritax.

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