Browsing: Canada

Canada’s federal government on Thursday committed $1.75 billion CAD (approximately $1.25 billion USD) to venture capital in a two-pronged package that, for the first time in the country’s sovereign VC history, reaches down to the pre-seed stage of company formation. The record commitment — announced by Industry Minister Mélanie Joly at Waabi’s Toronto offices —…

TORONTO, October 18, 2026 – Artificial Intelligence is integrating rapidly into the Canadian accounting profession as chartered professional accountants report significant benefits from AI. Nearly three-quarters of Canadian CPAs (74%) use AI at least weekly, including 40 per cent who use it daily, as CPAs cite tangible benefits such as productivity, analysis and problem-solving, and…

October 12, 2026 – The Canadian Public Accountability Board has publicly censured accounting firm RSM Canada LLP for the practice of backdating signoffs for more than five years. A settlement agreement between CPAB and RSM describes how the practice was conducted through a cloud-based service that allowed accountants to manually select preparer and reviewer signoff…