Carl Allegretti, Canadian Tax Leader, will introduce our speakers and Fatima Laher, Tax partner and Clients & Industries Leader will be hosting the session.

Jonathan Traub, Managing Principal, Tax Policy, Deloitte US, will share perspectives on current legislation, including tax impacts, due to the recent US presidential election.

Joel Guberman, Chair and founding partner of Guberman Garson LLP, an independent immigration law firm allied with Deloitte LLP, will provide insights on the recent immigration executive order.

Mark your calendars and register for this webcast.

More information about this event.

The advisory is in response to the September 2016 International Accounting Standards Board (IASB) approved amendment to IFRS 4, Insurance Contracts, allowing companies whose activities are predominantly connected with insurance to defer the application of IFRS 9, Financial Instruments, until January 1, 2021.

Review the advisory on the OSFI's website.

The budget anticipates economic growth in Alberta to be 2.6%, with the 2017-18 deficit expected to be $10.3B, a modest decrease from the $10.8B deficit in the prior year. It is expected that revenue will increase from $42.9B to $45.0B, while expenses will increase from $53.7B to $54.9B, with a further $0.5B reflected as a “risk adjustment” intended to provide a buffer against fluctuations in non-renewable resource revenue.

Deficits are projected to continue in 2018-19, with $9.7B projected, and 2019-20, with $7.2B projected. The budget did not predict when the province would return to balanced budgets or a surplus.

The announced changes to taxation in Alberta are outlined in our Canadian tax alert.

For further details, we refer you to the Ministry of Finance website.

OSC staff reviewed the compliance of 12 investment entities, which represent over 90 per cent of the collective market capitalization of the investment entities subsector in Ontario. The purpose of the review was to improve disclosure in material areas, assess accounting areas which require the exercise of significant judgement, and to inform policy related issues.

Review the press release on the CSA's website and Staff Notice on the participating jurisdictions' websites.

Discussion points included:

• Professional Skepticism
• Technology and Innovation
• Part C of the Code
• Strategy and Work Plan
• Future Strategy and Work Plan
• Fees
• Long Association
• IFAC Anti-Corruption Initiative

Review the highlights and the podcast on the IESBA's Web site.

In this context, the FSB noted the work of the Task Force on Climate-related Financial Disclosures (TCFD) and added:

Access to better quality information on climate-related financial risks is essential to enable market participants to better understand and manage these risks. Without the necessary information, market adjustments to climate change could be incomplete, late and potentially destabilising.

The FSB pointed out that the TCFD issued a consultation document with recommendations on climate-related disclosures in December 2016 that would be followed by June 2017 (and thus in time for the July G20 meeting in Hamburg) by the final report offering "a solution by the market for the market".

Review the full letter on the FSB's website.

To provide clarity, the page reviews the essential facts on the matter:

• The government’s campaign to facilitate the disclosure of wrongdoings
• To disclose or not to disclose?
  • Promote internal disclosure first
  • Carefully assess the situation and seek legal counsel, as needed
  • Document the rationale behind the disclosure and the steps taken
• Collaboration between the Order and government bodies
• Trends at home and abroad

The whistleblower regulations will be effective in Quebec under the Autorité des marchés financiers whistleblower program.

Review the guidance on the CPA Quebec's website.

The IFRS Taxonomy 2017 is consistent with IFRSs as issued by the IASB at January 1,2017 and incorporates the finalized taxonomy update 1 and the finalized taxonomy update 2, published by the IFRS Foundation in April and in December 2016 respectively. Final changes resulting from the proposed taxonomy update 3 published in December 2016 have been incorporated directly into the IFRS Taxonomy 2017.

On March 28, 2017, the IFRS Taxonomy team is holding two webinar sessions to answer questions about the IFRS Taxonomy 2017.

Review the press release and the IFRS Taxonomy 2017 page on the IASB's website.

Staff reviewed the social media disclosure of 111 reporting issuers to determine if they were consistent with the principles of National Policy 51-201 Disclosure Standards and the requirements of National Instrument 51-102 Continuous Disclosure Obligations by providing balanced disclosure and ensuring that information is not selectively disclosed or misleading.

The review found that a significant number of issuers, or 77 per cent, had not developed a specific governance policy to direct their disclosure practices on social media websites.

Review the press release and Notice on the CSA's website.

She has been reappointed as Vice-Chair for a two-year term ending on March 31, 2019.

Review the full list on the AcSOC's website.