Categories for Uncategorized

Guided by Experience. Driven by Purpose
By McGovern Hurley

Soheil Talebi Appointed Audit Leader at McGovern Hurley June 12, 2026 Following the planned retirement of Glen McFarland and Jessica Glendinning’s appointment as Managing Partner, McGovern Hurley is pleased to announce Soheil Talebi as the firm’s new Audit Leader. In this role, Soheil will continue to support the growth and development of McGovern Hurley’s audit

Continue Reading
Continuing a Legacy of Trusted Leadership
By McGovern Hurley

Jessica Glendinning Appointed Managing Partner at McGovern Hurley June 12, 2026 Following the planned retirement of Glen McFarland, McGovern Hurley is pleased to announce Jessica Glendinning as the firm’s new Managing Partner. Jessica previously held the role of Audit Leader. Jessica joined McGovern Hurley as a co-op student from the University of Toronto in 2001

Continue Reading
A Legacy of Leadership
By McGovern Hurley

Honouring Glen McFarland’s Leadership as Managing Partner June 12, 2026 At McGovern Hurley, leadership is built on experience, dedication, and a long-standing commitment to both our clients and our people. We extend our sincere appreciation to Glen McFarland for his leadership and contributions as we announce his retirement as Managing Partner of McGovern Hurley. Throughout

Continue Reading
Stock Options in a Surging Mining Market
By Kyle Bergstrom

Tax Exposure Is Rising Faster Than You Think April 1, 2025 The mining sector is once again operating in a strong commodity price environment, with key metals and minerals trading at levels that are elevated relative to historical norms and recent cycles. This strength has translated into equity markets, where many publicly listed mining issuers

Continue Reading
Quebec Flow-Through Shares Reset
By Kyle Bergstrom

What the 2025 Budget Means for Mining Issuers and Investors February 25, 2025 Quebec’s March 25, 2025 budget fundamentally reshaped the province’s flow-through share (FTS) regime, significantly altering the economics of FTS financings and the after-tax returns available to investors. With the 2026 tax reporting season underway and transitional relief now expired, mining companies, public

Continue Reading
When “Quality” Costs More: Legislative Update
By McGovern Hurley

From Courtroom Expansion to Legislative Contraction: BC Aligns the Mining Exploration Tax Credit with Federal Rules Prepared by McGovern Hurley LLPFebruary 20, 2025 In light of the release of the 2026 British Columbia provincial budget on February 18, 2026, we are providing an important update on the BC Mining Exploration Tax Credit (BC METC) and its

Continue Reading
When “Quality” Costs More
By McGovern Hurley

Navigating the New Divide Between CEE and the BC METC Prepared by McGovern Hurley LLPFebruary 18, 2025 Background Both the federal Canadian Exploration Expense (CEE) regime under the Income Tax Act and the British Columbia Mining Exploration Tax Credit (BC METC) require that qualifying expenditures be incurred for the purpose of determining the existence, location,

Continue Reading
2025 Federal Budget Review
By McGovern Hurley

2025 Federal Budget Review Prepared by McGovern Hurley LLP November 10, 2025 Introduction and Fiscal Overview On November 4, 2025, Finance Minister François-Philippe Champagne tabled the first federal budget under Prime Minister Mark Carney’s government, entitled “Building Canada Strong.” This budget was presented amid global economic uncertainty, domestic affordability challenges, and a strategic effort to

Continue Reading
A Well-Deserved Recognition: Jessica Glendinning Named 2025 CPA Ontario Fellow
By McGovern Hurley

Our very own Jessica Glendinning, 2025 Chartered Professional Accountants of Ontario Fellow! Jessica Glendinning, Partner and Audit Leader at McGovern Hurley LLP, has been selected as a 2025 Fellow of the Chartered Professional Accountants of Ontario (FCPA). An FCPA is the highest honor that may be bestowed upon a CPA, celebrating exemplary leaders who have

Continue Reading
Federal Budget 2024 Summary
By McGovern Hurley

The Finance Minister Chrystia Freeland delivered the 2024 federal budget on April 16, 2024. Unprecedented changes were made with respect to the capital gain inclusion rate. The capital gain inclusion rate is proposed to be increased from 50% to 66 2/3%. The following is a summary of some of the most significant announcements contained in

Continue Reading