Celebrating CFE Success!
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9 Notes from the Leadership 42 Diversity & Inclusion 54 Ongoing Learning 28 CPABC's Indigenous Strategy 46 Ethics 58 Kudos 36 AML Update 50 Tax 62 Snapshot JANUARY/FEBRUARY 2021 Celebrating CFE success! PM 40069584 YOU DESERVE PEACE OF MIND to focus on what matters most. This is what success looks like Justin Bains Vianna Chen Winston Chen Charlotte Hodgson Smythe is proud to congratulate our 17 successful CFE writers. In this exceptional year, their achievement is that much more signicant. We recognize this talented and resilient group and what they bring to the accounting profession. We are proud of their accomplishments and excited to see them David Jerome Joshua Kodis Jacky Leung Jessica Jin grow and the leadership they will bring to our Firm in the next stage of their careers as Chartered Professional Accountants. Not included in photos: Anthony Sohal Kim Lin Emma Nguyen Christiana Pochailo Connor Smythe Eric Son Kwan Son Kevin Wang Philip Yoe GET A QUOTE www.cpaipw.ca/quote smythecpa.com VANCOUVER | LANGLEY | NANAIMO YOU DESERVE PEACE OF MIND to focus on what matters most. This is what success looks like Justin Bains Vianna Chen Winston Chen Charlotte Hodgson Smythe is proud to congratulate our 17 successful CFE writers. In this exceptional year, their achievement is that much more significant. We recognize this talented and resilient group and what they bring to the accounting profession. We are proud of their accomplishments and excited to see them David Jerome Joshua Kodis Jacky Leung Jessica Jin grow and the leadership they will bring to our Firm in the next stage of their careers as Chartered Professional Accountants. Not included in photos: Anthony Sohal Kim Lin Emma Nguyen Christiana Pochailo Connor Smythe Eric Son Kwan Son Kevin Wang Philip Yoe GET A QUOTE www.cpaipw.ca/quote smythecpa.com VANCOUVER | LANGLEY | NANAIMO CFE AD - CPABC InFocus_Draft_4.indd 8 12/11/2020 10:58:47 AM Contents January/February 2021 Cover Story In Focus 9 Notes from the Leadership 10 Notes & News 40 This and That Surviving tax season: RRSP and tax tips from CPABC 54 Ongoing Learning • PD Experts: Understanding the financial risks of employee benefits • PD Highlights: Special pricing Celebrating CFE Success! oers, new on-demand Meet the 10 CFE writers from BC and Yukon seminars, in-person seminars, and virtual executive programs who made the National Honour Roll 58 Members in Focus 20 • Announcements and accolades 62 Snapshot 28 Eva Fong, CPA, CGA CFO, WELL Health Technologies Corp. CPABC’s Indigenous Strategy Recurring Columns Building for a stronger, more inclusive future 42 Diversity & Inclusion Bringing racial diversity to corporate Canada 46 Ethics CPAs and AI: Adding value through ethical leadership 50 Tax 36 The nuances of the gross The Fight Continues negligence penalty An update on anti-money- laundering initiatives Photo by Bobo Zhao Photography 10 Virtual MET recap 11 Important reminders 12 Volunteer tax services 14 Recruitment events Cover image: fotostok_pdv/iStock/Getty Images CPABC in Focus • Jan/Feb 2021 5 CFE AD - CPABC InFocus_Draft_4.indd 8 12/11/2020 10:58:47 AM Evan Bharat Cooper Ishita Gurkaran Jordan Olivia Mark Scott Ahuja Arnold Arora Athwal Aujla Bergen Bickford Bjorkland Blacklock Thomas Sandy Robert JP Camila Rachael Scott Alice Annabelle January/February 2021, Vol. 9, No. 1 Bogucki Borowski Brennan Bueno Chan Chase Chen Chen Chiang CPABC in Focus is the flagship magazine of BC’s chartered professional accountants. There is Will Felix Alex Sophie CPABC Board Nic Arsh Eva Daniel Hermon Chair Geo Dodds, CPA, CA Chough Chow Corno Davies Dee Dhaliwal Du Duncombe Ephraim First Vice-Chair Karen Horcher, FCPA, FCGA nothing Second Vice-Chair Sheila Nelson, CPA, CA Treasurer Chris Gimpel, CPA, CA Roderic Jeremy Sumeet Andrew Gillian Harkirat Raman Craig Elliott, CPA, CGA Angel Margaret virtual about Fletcher Fung Gill Grange Grant Grewal Grewal Guo Hadley Lisa Ethans, FCPA, FCA Elizabeth Jackson (Public Representative) Bereket Kebede (Public Representative) J. Alain LeFebvre, FCPA, FCA Olivia Kayla Amarjit Tina Amanda Leah Carolina Sammi our 115 Simon Josie Lim, CPA, CA Hanlon Heer Ho Hoang Hobbs Hodgins Hu Israel Johnson John Mackenzie, CPA, CA Jeanette McPhee, CPA, CA successful Stuart Newton, CPA, CA Barbina Joel Adam Jeffrey Joshua Anirudh Katherine Jessica Sandy Stedman, FCPA, FCA Denzel Andrew Sweeney, CPA, CA Karmali Ken King Koster Kriesel Kumar Kuo Laguerta Laing Martha Thomas, CPA, CA writers Peter Tingling, CPA, CGA Alicia Williams, CPA, CPA (Arizona) Teresa Lin Brendan Sabrina Cole Elaine Greg Raj Grace Wong (Public Representative) Congratulations to Faline Lally Lan Lancaster Lee Li Li Lidstone Lunde Ly our 115 successful CFE Executive Management Committee President & CEO Lori Mathison, FCPA, FCGA, LLB writers in BC who will EVP, Corporate Services & CFO Amy Lam, FCPA, FCA join our leading team of Brandon Jessie Sakib Jason James Hannah Mark Jigar Wendy EVP, Regulation & Registrar Jamie Midgley, FCPA, FCA certied CPAs. Mangan Mapanoo Marchand Masrani Milligan Mok Momen Morris Nelson EVP, Member and Student Experience Jan Sampson, FCPA, FCA CPABC in Focus VP, External Aairs and Communications Kerri Wilcox Jonathan Stefan Naresh Megan Raman Lisi Conor Adam Gwen Managing Editor Michelle McRae Paroo Patrick Perry-Ens Pietramala Ponjani Prentice Randhawa Rao Regan Graphic Designer Caroline Toth Communications Coordinator Megan Hooge Gabrielle Greg Sayna Sakshi Joshua Aditi Katrina Advertising Nasek Sevrina For advertising rates, contact Advertising in Print at 604 681.1811 or Roberts Russell Sadeghi Sanwal Sarker Sekhon Shah Shaheed Sharma [email protected]. CPABC in Focus is the premier way to reach BC’s professional accounting community. Advertising in CPABC in Focus does not indicate an endorsement of any business, organization, service, or product. Amy Zachary Nick Taylor Elaine Amrit Melanie #LetsDoThis Mark Oliver Inquiries and Letters Shum Sidhu So Sourisseau Speakman Su Sze-Mirikitani Tam Tang Contact us at [email protected] #KPMGProud About Cecilia Amy Alex Cody Kinga Vanessa Madeleine Daniel Melanie CPABC in Focus is published in British Columbia six times a year and is sent to approximately Thompson Troutman Tsoi Urbanovich Varga Wong Wou Wu Wu 32,000 CPA members, candidates, and students. Opinions expressed are not necessarily endorsed by CPABC. Copyright CPABC in Focus 2021. Visit us online at bccpa.ca. Mailing address: #800 – 555 West Hastings St., Vancouver, BC, V6B 4N6 Ivan Tim Gavin Kelly Aida Jeremy Publications mail agreement no. PM 40069584 Yang Yang Yap Yazdanpanah Yuen Zhang kpmg.ca Special congratulations to our National Honour Roll recipient from BC: Katherine Kuo. © 2020 KPMG LLP, an Ontario limited liability partnership and a member rm of the KPMG global organization of independent member rms 6CPABC in Focus • Jan/Feb 2021 afliated with KPMG International Limited, a private English company limited by guarantee. All rights reserved. 28483 The KPMG name and logo are registered trademarks or trademarks of KPMG International. Evan Bharat Cooper Ishita Gurkaran Jordan Olivia Mark Scott Ahuja Arnold Arora Athwal Aujla Bergen Bickford Bjorkland Blacklock Thomas Sandy Robert JP Camila Rachael Scott Alice Annabelle January/February 2021, Vol. 9, No. 1 Bogucki Borowski Brennan Bueno Chan Chase Chen Chen Chiang CPABC in Focus is the flagship magazine of BC’s chartered professional accountants. There is Will Felix Alex Sophie CPABC Board Nic Arsh Eva Daniel Hermon Chair Geo Dodds, CPA, CA Chough Chow Corno Davies Dee Dhaliwal Du Duncombe Ephraim First Vice-Chair Karen Horcher, FCPA, FCGA nothing Second Vice-Chair Sheila Nelson, CPA, CA Treasurer Chris Gimpel, CPA, CA Roderic Jeremy Sumeet Andrew Gillian Harkirat Raman Craig Elliott, CPA, CGA Angel Margaret virtual about Fletcher Fung Gill Grange Grant Grewal Grewal Guo Hadley Lisa Ethans, FCPA, FCA Elizabeth Jackson (Public Representative) Bereket Kebede (Public Representative) J. Alain LeFebvre, FCPA, FCA Olivia Kayla Amarjit Tina Amanda Leah Carolina Sammi our 115 Simon Josie Lim, CPA, CA Hanlon Heer Ho Hoang Hobbs Hodgins Hu Israel Johnson John Mackenzie, CPA, CA Jeanette McPhee, CPA, CA successful Stuart Newton, CPA, CA Barbina Joel Adam Jeffrey Joshua Anirudh Katherine Jessica Sandy Stedman, FCPA, FCA Denzel Andrew Sweeney, CPA, CA Karmali Ken King Koster Kriesel Kumar Kuo Laguerta Laing Martha Thomas, CPA, CA writers Peter Tingling, CPA, CGA Alicia Williams, CPA, CPA (Arizona) Teresa Lin Brendan Sabrina Cole Elaine Greg Raj Grace Wong (Public Representative) Congratulations to Faline Lally Lan Lancaster Lee Li Li Lidstone Lunde Ly our 115 successful CFE Executive Management Committee President & CEO Lori Mathison, FCPA, FCGA, LLB writers in BC who will EVP, Corporate Services & CFO Amy Lam, FCPA, FCA join our leading team of Brandon Jessie Sakib Jason James Hannah Mark Jigar Wendy EVP, Regulation & Registrar Jamie Midgley, FCPA, FCA certied CPAs. Mangan Mapanoo Marchand Masrani Milligan Mok Momen Morris Nelson EVP, Member and Student Experience Jan Sampson, FCPA, FCA CPABC in Focus VP, External Aairs and Communications Kerri Wilcox Jonathan Stefan Naresh Megan Raman Lisi Conor Adam Gwen Managing Editor Michelle McRae Paroo Patrick Perry-Ens Pietramala Ponjani Prentice Randhawa Rao Regan Graphic Designer Caroline Toth Communications Coordinator Megan Hooge Gabrielle Greg Sayna Sakshi Joshua Aditi Katrina Advertising Nasek Sevrina For advertising rates, contact Advertising in Print at 604 681.1811 or Roberts Russell Sadeghi Sanwal