Questionnaire Renseignements Confidentiels - Ordre des CPA ...
Transcript of Questionnaire Renseignements Confidentiels - Ordre des CPA ...
1 /20October 2021 QRC
Part 1 Information about the place of business / firm to be inspected������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
Place of business
Name Quebec enterprise number (NEQ)
Business address
City Postal code(Quebec)
Mailing address (if different)
Telephone Fax Other telephone no�
- - -
Website
Respondent and partners
Name of the inspection respondent
Names of partners cooperating with the inspector (if different from the respondent)
For use by the Order only
For use by the Order only
Professional inspection Confidential information questionnaire (CIQ) IMPORTANT
You must upload the duly completed CIQ to Sharepoint 30 days before the scheduled inspection date, in accordance with the instructions you received by email� Be sure to save your form to your workstation before you start completing it, so you don’t lose any data�
For use by the Order only���������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
Date CIQ received YYYY MM DD
Inspection no� Inspection date
Inspector Employer no�
5, Place Ville Marie, bureau 800, Montréal (Québec) H3B 2G2T. 514 288-3256 1 800 363-4688 Téléc. 514 843-8375www.cpaquebec.ca
2 /20October 2021 QRC
Other places of businessDoes your firm have more than one place of business in Quebec? ������������������������������������������������������������������������������������������� o Yes o No
If so, please fill in the following table� If not, continue to Part 2�
Total number of engagements
Places of business Audit Review Compilation Advisory services
Evaluation and forensic accounting
Taxation (other than tax return)
Firm name 1 :
City
Firm name 2 :
City
Firm name 3 :
City
Do any partners provide services at more than one place of business? ����������������������������������������������������������������������������������� o Yes o No
If so, please fill in the following table:
• If you need more space, please attach a list�
First name and last name Firm name City Nature of operations*
Partner 1
Partner 2
Partner 3
Partner 4
For use by the Order only
For use by the Order only
Part 1 Information about the place of business / firm to be inspected (continued)������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
* Nature of operations: Assurance, compilation, taxation, professional standards, quality control, investigative and forensic accounting, business or other valuation, financial planning, information technology certification, insolvency/corporate restructuring, advisory services, electonic data processing, bookeeping (including GST/QST, payroll) and other�
3 /20October 2021 QRC
Part 2 Risk management������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
Does your place of business have assurance engagement clients (audit, review or other assurance engagements)? ������� o Yes o No
If so, please answer the following questions� If not, continue to Part 3�
a. Is the place of business facing, or has it faced, any lawsuits over the professional services it provides any since the last inspection? ���������������������������������������������������������������������������������������������������������������������������������������������������������������������� o Yes o No
If so, please specify the nature of the lawsuits�
Human resources
b. Does the firm have a contingency plan for illness or the unexpected loss of staff? ���������������������������������������������������������� o Yes o No
c. Have any key employees left in the last 12 months? ���������������������������������������������������������������������������������������������������������������� o Yes o No
Software and tools
d. Do you use specialized software in your professional activities? ������������������������������������������������������������������������������������������� o Yes o No
If so, please provide the following information:
Software names:
Checklist/program names:
Categories/types of files or engagements for which the software and programs are used:
e. Are your software programs, questionnaires and checklists updated to reflect the latest changes to the standards? ������������������������������������������������������������������������������������������������������������������������������������������������������������������������� o Yes o No
f. Have you made any significant changes to your methodology for assurance engagements? ���������������������������������������� o Yes o No If so, please describe these changes and provide their implementation dates�
Quality review and cyclical inspection
g. Are file quality reviews performed by internal or external resources? o Internal o External o Not applicable
Please provide the quality control reviewer’s name and designation, if applicable�
h. Does your place of business have access to a centralized professional practice service (i�e� partners or staff specifically assigned to managing risk, providing technical support and monitoring the firm’s quality control policies and procedures)? ����������������������������������������������������������������������������������������������������������������������������������������������� o Yes o No
i� Please provide the date of your last cyclical inspection and the name of the person who performed it�
MM DDYYYY Name:
As mentioned in the guidelines for inspected practitioners, you should provide a copy of the cyclical inspection report on completed engagements including their detailed results�
For use by the Order only
4 /20October 2021 QRC
Part 3 Document management������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
1. All audit, review and compilation engagements completed since the last inspection must be available during the inspection� Please indicate below the format (paper, electronic or both) of the file available for inspection:
For each format type, select a dropdown menu item to indicate if the files are onsite or offsite�
PeriodAudit Review Compilation
Paper Electronic Paper Electronic Paper Electronic
Current year
Prior year 1
Prior year 2
Prior year 3
Comments:
2. Do you have a backup copy of your computerized data? ������������������������������������������������������������������������������������������������������� o Yes o No
If so, please indicate where it is stored:
If you do not have a backup copy of your computerized data or if you do not consider the storage site secure, which measures will be undertaken to remedy the situation?
3. In the 12 months prior to the inspection:
Audit Review
Yes No Yes No
a) Were you the victim of a data breach?
b) Did you lose any data (fire, water, backup or archiving problems)?
Please describe the breach or loss, remedial actions and files concerned:
For use by the Order only
5 /20October 2021 QRC
Part 4 Human resources������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
Table 1 - CPAs working full time or part time in your place of business on the scheduled inspection date (including sole practitioners)
• If your place of business has more than four CPAs, refer to the conciliation appendix in Sharepoint�
First name Last name Member no.
Role Select a dropdown menu item
New partner since the last inspection?
Auditor permit Main services offered*
o Yeso No
o Auditoro Auditor limited to
review engagementso Not an auditor
o Yeso No
o Auditoro Auditor limited to
review engagementso Not an auditor
o Yeso No
o Auditoro Auditor limited to
review engagementso Not an auditor
o Yeso No
o Auditoro Auditor limited to
review engagementso Not an auditor
Table 2 - CPAs who have worked at your place of business in the 12 months prior to the inspection on a per diem or contractual basis (if any).
First name Last name Member no. Auditor permit Main focus of operations*
Number of days worked
o Auditoro Auditor limited to review engagementso Not an auditor
o Auditoro Auditor limited to review engagementso Not an auditor
o Auditoro Auditor limited to review engagementso Not an auditor
o Auditoro Auditor limited to review engagementso Not an auditor
o Auditoro Auditor limited to review engagementso Not an auditor
For use by the Order only
For use by the Order only
* Nature of services: Audit, review, compilation, quality control, management accounting, taxation, business valuation, investigative and forensic accounting, financial planning, other
6 /20October 2021 QRC
Table 3 - Number of CPAs at your place of business on the scheduled inspection date (a partner must not be entered in more than one box.)
Composition of the place of business – CPA members Total
Partners* with audit, review or assurance engagements, with or without compilation, or other engagements
Partners* with review engagements, with or without compilation, or other engagements (without audit)
Partners* with compilation or other engagements (without audit or review)
Partners* who mainly provide tax services (without audit, review or compilation)
Partners* who mainly provide advisory services – Management accounting (without audit, review or compilation)
Partners* who mainly provide business or other valuation, investigative and forensic accounting, or financial planning (without audit, review or compilation)
Partners* who provide services other than those mentioned above (e�g� quality control)
Partner subtotal
CPA employees
Total CPAs
Composition of the place of business – Candidates for the practice of the profession (CPP))
Path leading to a public accountancy permit
Path leading to a public accountancy permit limited to review engagements
Other than public accountancy
CPPs who have completed the period of practical experience – Awaiting the CPA designation
CPPs who have not completed the period of practical experience
Total CPPs
Table 4 - Number of CPAs in Table 3 who hold other professional designations
Other professional designations Associate Employee Contractual
CBV (Chartered Business Valuator)
CFF (Certified in Financial Forensics)
CIRP (Chartered lnsolvency and Restructuring Professional)
CIA (Certified Internal Auditor)
CISA (Certified Information Systems Auditor)
Other designations
Total
For use by the Order only
For use by the Order only
For use by the Order only
Part 4 Human resources (continued)������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
* Partner, associate partner or other CPA signatory
7 /20October 2021 QRC
Part 5 Place of business offering or wishing to offer a pre-approved practical experience program in public accountancy������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
1. Are you accredited as a place of business offering a pre-approved practical experience program in public accountancy by the Quebec CPA Order? ������������������������������������������������������������������������������������������������������������������������������������ o Yes o No
If so, please specify the type of program�
o Public accountancy permit
o Public accountancy permit limited to review engagements
2. Do you wish to maintain or obtain your accreditation as a place of business offering a pre-approved practical experience program in public accountancy from the Quebec CPA Order? Ensure the Firm can assign the engagements required to meet the requirements the mandates needed.* ���������������������������������������������������������������� o Yes o No
If so, please specify the program type and fill out the Information questionnaire for places of business offering or wishing to offer a pre-approved practical experience program in public accountancy (QPEP)�
o Public accountancy permit
o Public accountancy permit limited to review engagements
• If not, please indicate why you do not wish to offer a pre-approved practical experience program in public accountancy�
o Insufficient number of hours in assurance
o Other (specify):
Part 6 Regulation respecting trust accounting by chartered professional accountants and the indemnity fund of the Ordre des comptables professionnels agréés du Québec (Regulation).������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
The firm or one of its partners is subject to the Regulation if they administer cash, a property or a group of properties belonging to a client or a third party, or they hold property entrusted to them by a client or third party (in accordance with the definition in section 1 of the Regulation):
Taking into account the definition above and the application examples below, is your firm or a partner of your firm subject to the Regulation? ��������������������������������������������������������������������������������������������������������������������������������������������� o Yes o No
Application examples:u Preparing payroll or GST and QST reports for clients when a partner of your firm has administration rights over
bank accountsu Acting as a liquidator of a succession, mandatary in an incapacity mandate or proxy
u Administration of a not-for-profit organization, if you perform management-related duties�
Application examples:u Receiving sums of money on behalf of clients (income tax refunds, grants or other amounts)u Acting as a receiver or trusteeu Holding cash or securities on the sale of assets or shares for clients, in a trust account or not�
If you answered yes to the previous question, please fill out the questionnaire for members subject to the Regulation respecting trust accounting by chartered professional accountants and the indemnity fund of the Ordre des comptables professionnels agréés du Québec�
For use by the Order only
For use by the Order only
For use by the Order only
* The place of business must allow the candidate for the practice of the profession to accumulate at least 1,250 hours in audits and reviews of general purpose financial statements, including 625 hours devoted to audit engagements per 24-month period. In addition, it is required to provide assurance engagements to different types of clients working in various sectors. To obtain the public accountancy permit limited to review engagements, the candidate is not required to devote 625 hours audit engagements�
8 /20October 2021 QRC
Part 7 Clientele������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
As mentioned in the guidelines for inspected practitioners (Guidelines), you must provide a list of clients by partner and by nature of engagement, as well as client profile information as presented in Appendix 1 of the Guidelines�
1. Audit – Nature of the engagements and type of clientele in the 12 months prior to the inspection (by place of business) In the table below, please indicate the number of clients or of reports issued, according to the information in your database� Specify your choice: o Number of clients o Number of reports issued
• If your firm has more than four partners, please complete the long form – Audit�
Number of clients / reports issued
AUDIT
Partner name 1: Partner name 2: Partner name 3: Partner name 4:Total per place of business
Manufacturing, wholesale and retail
Service companies, professional services, transportation and warehousing
Construction (contractors and subcontractors)
Childcare centres (CPE) / subsidized daycares
Public administration (municipalities, educational institutions, school boards)
Pension plans
Cooperatives
Not-for-profit organizations
Trust accounts
Mining, oil and gas extraction
Financial services and insurance
Health and social services
Agriculture, forestry, fishing and hunting
Real estate
Technology
Media and communications
Management/investments/ trusts
Other sectors
Total number of clients / reports issued
Total hours for all engagements (including employee hours)
h h h h h
9 /20October 2021 QRC
2. Review – Nature of the engagements and type of clientele in the 12 months prior to the inspection (by place of business)
In the table below, please indicate the number of clients or of reports issued, according to the information in your database� Specify your choice: o Number of clients o Number of reports issued
• If your firm has more than four partners, please complete the long form – Review�
Number of clients / reports issued
REVIEW
Partner name 1: Partner name 2: Partner name 3: Partner name 4:Total per place of business
Manufacturing, wholesale and retail
Service companies, professional services, transportation and warehousing
Construction (contractors and subcontractors)
Childcare centres (CPE) / subsidized daycares
Public administration (municipalities, educational institutions, school boards)
Pension plans
Cooperatives
Not-for-profit organizations
Trust accounts
Mining, oil and gas extraction
Financial services and insurance
Health and social services
Agriculture, forestry, fishing and hunting
Real estate
Technology
Media and communications
Management/investments/ trusts
Other sectors
Total number of clients / reports issued
Total hours for all engagements (including employee hours)
h h h h h
Part 7 Clientele (continued)������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
10 /20October 2021 QRC
3. Compilation – Nature of the engagements and type of clientele in the 12 months prior to the inspection (per place of business)
PARTNER NAMES
Number of clients / communications issuedHours per partner
and total hours(including employee hours)Compilations
(9200)
Compilation engagements(CSRS 4200)
Financial forecasts or projections
(AUG-16)
h
h
h
h
h
h
h
h
h
h
Total per place of business h
IMPORTANT – Please complete appendices A to G if your place of business has issued other reports, offers business or other valuation, investigative and forensic accounting, financial planning, advisory or tax services and if audit reports have been issued for reporting issuers.
Part 8 Attestation������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
I hereby declare that the information provided in this questionnaire is true. I authorize the Order to use it to administer my file, and I understand that any false information or obstruction of a person responsible for professional inspection could result in my file being sent to the syndic.
For use by the Order only
First name Last name
YYYY MM DD Signature (mandatory) Date
Please upload this entire form, duly completed and signed, with your attestation and client list, to Sharepoint, in accordance with the instructions you received by email�
Information 514 288-3256 [2565] 1 800 363-4688 inspection@cpaquebec�ca
Part 7 Clientele (continued)������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
11 /20October 2021 QRC
Appendix A Other reports Nature of the work performed and type of clientele������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
You must include clients for which reports were issued in the 12 months prior to the inspection�
Type de rapport émis Number of clients
CAS 800, Special Considerations – Audits of Financial Statements Prepared in Accordance with Special Purpose Frameworks*
CAS 805, Special Considerations – Audits of Single Financial Statements and Specified Elements, Accounts or Items of a Financial Statement*
CAS 810, Engagements to Report on Summary Financial Statements*
CSRS 4460 Reports on Supplementary Matters Arising from an Audit or a Review Engagement
CSAE 3000 Attestation Engagements Other than Audits or Reviews of Historical Financial Information
CSAE 3001 Direct Engagements
CSAE 3530, Attestation Engagements to Report on Compliance or under previous standards
Special reports — audit reports on compliance with contractual arrangements, statutes and regulatory requirements (Section 5815) Reviews of compliance with contractual arrangements and regulatory requirements (Section 8600)
CSAE 3531, Direct Engagements to Report on Complianceor under previous standards
Special reports — audit reports on compliance with contractual arrangements, statutes and regulations (Section 5815) Reviews of compliance with agreements and regulatory requirements (Section 8600)
Reviews of financial information other than financial statements (CSRE 2400)
Reporting on controls at a service organization (CSAE 3416)
Section 9100, Reports on the Results of Applying Specified Auditing Procedures to Financial Information Other than Financial Statementsor under new standards
CSRS 4400, Agreed-upon procedures engagements
Others (specify):
Total hours for all reports
* If you also have an engagement to audit historical financial information, only enter the client in the audit table in Part 7�
12 /20October 2021 QRC
Appendix B Business or other valuation Nature of the work performed and type of clientele
������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
You must include clients for which reports were issued in the 24 months prior to the inspection (for a recurring client, only note it once)�
Number of clients
Type of report issued
Partner name 1: Partner name 2: Partner name 3: Partner name 4:
Total per place of businessOverseen by the CICBV
o Yes o No o N/AOverseen by the CICBV o Yes o No o N/A
Overseen by the CICBV o Yes o No o N/A
Overseen by the CICBV o Yes o No o N/A
Comprehensive valuation reports
Estimate valuation reports
Calculation valuation reports
Advisory reports
Expert reports
Limited critique reports
Others (specify):
Total hours for all reports h h h h h
13 /20October 2021 QRC
Associé 5 ajouté, ok ?
Appendix C Investigative and forensic accounting Nature of the work performed and type of clientele
������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
You must include reports issued in the 24 months prior to the inspection�
Number of clients
Field of activity
Partner name 1: Partner name 2: Partner name 3: Partner name 4: Partner name 5:
Financial loss quantification engagementDisputes between shareholders or partners, breakdowns of business relationships, expropriations, personal injury claims, damages resulting from employment-related disputes, negligence, liability, tort and mischief, insurance claims, securities, matrimonial disputes, succession, etc�)
Role*
Number of files
Role*
Number of files
Role*
Number of files
Role*
Number of files
Role*
Number of files
Financial investigation engagements(Fraud or theft, forgery, money laundering, bribery, compliance, theft of intellectual property, other illegal acts, etc�)
Role
Number of files
Role
Number of files
Role
Number of files
Role
Number of files
Role
Number of files
Professional practice(Professional negligence relating to assurance, accounting and other engagements, ethics, etc�)
Role
Number of files
Role
Number of files
Role
Number of files
Role
Number of files
Role
Number of files
Others (specify):- Consultations- Drafting of opinions- Others
Role
Number of files
Role
Number of files
Role
Number of files
Role
Number of files
Role
Number of files
Total hours h h h h h
* ROLE: A = Advisor M = Mediator/arbitrator E = Expert witness S = To be specified
14 /20October 2021 QRC
Appendix D Financial planning Nature of the work performed and type of clientele
������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
Please complete this appendix only for CPAs authorized by the Order to use the financial planner designation.
You must include reports issued in the 24 months prior to the inspection date�
A self-assessment questionnaire on financial planner professional competence is available on request for every partner with the financial planner designation�
Number of clients
Field of activity
Partner name 1: Partner name 2: Partner name 3: Partner name 4: Partner name 5:
Finance
Taxation
Legal aspects
Retirement
Succession
Investment
Others (specify):
Total hours h h h h h
15 /20October 2021 QRC
Appendix E Reporting issuers������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
• Use more than one page if needed�
Note: An Order representative may ask you for documentation of specific measures with respect to your firm’s independence for each inspected reporting issuer�
Firm name
Partner in charge Number of years in charge
Second partner in charge Number of years in charge
Nature of the company's activities
Registered with which securities commission?
Firm name
Partner in charge Number of years in charge
Second partner in charge Number of years in charge
Nature of the company's activities
Registered with which securities commission?
Firm name
Partner in charge Number of years in charge
Second partner in charge Number of years in charge
Nature of the company's activities
Registered with which securities commission?
Firm name
Partner in charge Number of years in charge
Second partner in charge Number of years in charge
Nature of the company's activities
Registered with which securities commission?
Firm name
Partner in charge Number of years in charge
Second partner in charge Number of years in charge
Nature of the company's activities
Registered with which securities commission?
16 /20October 2021 QRC
Appendix F Advisory services (management) Nature of the work performed and type of clientele
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You must include engagements performed for all places of business in the 12 months prior to the inspection�
• If your firm performs advisory service engagements, please also complete the Quality control questionnaire – Advisory services�
Number of clients
Strategic planning, organizational diagnosis and performance measurement
Strategic planning
Business plans and financial modelling
Budgeting
Investment projects
Organizational diagnosis
Business processes analysis and reengineering
Operations management and business recovery
Performance measurement
Performance indicators (monitoring chart)
Benchmarking
Costing
Business risk management
Governance – Compliance with laws and regulations
Mergers and acquisitions
Information technology (analysis, design and implementation of information systems)
Other advisory services
a) Outsourcing (e�g� controller)
b) Personalized coaching for employees (e�g� training)
c) Other (specify):
Total hours h
17 /20October 2021 QRC
Appendix G Tax services Nature of the work performed, type of clientele and self-assessment questionnaire
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You must include engagements performed for the entire place of business in the 12 months prior to the inspection�
NATURE OF THE WORK PERFORMED AND TYPE OF CLIENTELE
Filing of tax returns and slips Yes No
T1 and TP-1 (individuals)
T2 and CO-17 (businesses)
T3 and TP-646 (trusts)
T5013 and TP-600 (partnerships)
T3010 and TP-985�22 (charitable organizations)
Preparation of T4 and relevé 1 slips
Preparation of T5 and relevé 3 slips
Other (specify):
Tax services Yes No
Tax opinions (with report issued to client)
Corporate, individual and succession tax planning
Research and development
Sales tax
US taxation
International taxation
Transfer pricing
Services to worldwide employers
Other (specify):
Approximate total hours h
18 /20October 2021 QRC
SELF-ASSESSMENT QUESTIONNAIRE Yes No N/A Comments, observations or measures to be taken by the firm
Tax services
1) Tax transaction risk management
A - Engagement acceptance procedures
I� Has the firm established any guidelines for new tax engagement acceptance or planning?
II� Has the firm come to an agreement with the client on the nature of the tax services and the form and content of deliverables?
B - Review and quality control procedures
I� Has the firm established any procedures for the review of the following by another internal or external tax specialist (prior to release)?
• Tax returns
• Tax advice and planning
• Tax opinions
II� Are tax returns, tax opinions, related information and other tax work reviewed with clients before they are filed?
III� Are communications with clients documented in the files?
2) Tools and continuing education for staff assigned to tax engagements
A - Adapted tools and methods
I� Does the firm maintain a paper or electronic copy of tax returns, tax opinions and other memos, and supporting documentation?
II� Is an information questionnaire or checklist used?
III� Are the tools and references up to date?
B - Staff training
I� Does the firm subscribe to a service that provides updates on the latest tax developments, or does it obtain this information another way?
II� Is continuing education planned and available in the following forms?
i� Tax conferences?
ii� Technical readings?
iii� Tax courses?
III� Do tax department members get together on a regular basis?
3) Is the firm facing taxation-related lawsuits?
Appendix G Tax services (continued) Nature of the work performed, type of clientele and self-assessment questionnaire������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
19 /20October 2021 QRC
SELF-ASSESSMENT QUESTIONNAIRE (CONTINUED) Yes No N/A Comments, observations or measures to be taken by the firm
4) Has the firm established appropriate measures to manage the following tax transaction risks?
Tax transactions Potential errors or consequences
Non-arm’s length disposition of sharesto a corporation (section 84�1) Capital gain instead of deemed dividend
Transfer of property to a corporation(section 85 and subsection 97(2)) Late filed returns / consideration received
Redemption of shares or dividend payments to a corporation
Inappropriate allocation between dividendincome and capital gain, error in the computation of safe income
Shareholder loan (section 15)Shareholder loan on two consecutivebalance sheets; loan incorrectlyconsidered exempt
Client payment of bonuses Non-compliance with payment terms:before the 180th day after year end
Capital gains deduction (CGD) Shares that are not qualified small business corporation shares
Filing of tax returns, forms, letters or elections Late-filing penalties
GST/QST impact on land transfertransactions
Unidentified or unpaid taxes; unclaimedexemptions
Capital dividend election Capital dividend exceeds CDA balance –Part III taxes
Small business deduction
Claim that does not take the rules lowering the SBD limit into account (number of hours, passive income, specified corporate income), lack of information or poor understanding of the group of associated corporations
Dividend payment to a family member Income splitting subject to the tax on split income rules (highest rate)
Discretionary family trust 21-year deemed realization rule, aggressive multiplication of the CGD
Dividends received from related corporations
Rules on ERDTOH and NERTOH accounts – Part IV tax
Liquidation of a subsidiary
Addition of the various tax data, half-rate rule, loss carryover, treatment of the disposition of shares and of the winding-up dividend
Appendix G Tax services (continued) Nature of the work performed, type of clientele and self-assessment questionnaire������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������
20 /20October 2021 QRC
Amalgamation of the corporation with another entity
Deemed year-end immediately before the amalgamation
Distribution of taxable income across provinces
Identification of permanent establishments, claim for a provincial tax rebate or credit, distribution of income and salaries by province, provincial taxes payable
Transactions with non-residents or holding of foreign property
Non-compliance with requirements related to withholding tax or filing returns or forms: T106, T1134 or T1135, T1142, NR4, NR6, etc�
Notice of objection Deadline, content and evidence of filing
5) What is your risk assessment for the firm’s tax work? o High o Medium o Low
Appendix G Tax services (continued) Nature of the work performed, type of clientele and self-assessment questionnaire������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������������