CBSA Assessment and Revenue Management (CARM) Update

The CBSA Assessment and Revenue Management (CARM) will introduce a requirement for universities to post a security (bond) to cover all duties, taxes and penalties for university shipments so goods can be released prior to payment. Updated information regarding this project, requirements and timelines can be found here.  We will keep you updated as new … Continue reading “CBSA Assessment and Revenue Management (CARM) Update”

Two additional technical tax notes have been added to the tax note series

The two new notes are about GST/HST and QST Employer and Pension Plan Responsibilities and Other International Tax Issues (expanding on the U.S. income tax reporting obligations and more). CAUBO’s technical tax series now includes a total of 14 interpretive notes that provide information and guidance on key university-specific issues in the areas of income … Continue reading “Two additional technical tax notes have been added to the tax note series”

The Financial Landscape of Canadian Universities

CAUBO has developed an overview of the financial landscape of Canadian universities, focusing on critical topics that have become particularly relevant in this current era of unprecedented change. The financial landscape achieves the following: It provides an analysis of key financial trends as identified and explored through CAUBO’s data-rich analytical tools and resources. It emphasizes … Continue reading “The Financial Landscape of Canadian Universities”

Data Insights series – Changing Patterns in University Revenues and General Operating Expenditures

CAUBO has developed this Data Insights series to highlight key financial trends in the university sector. The factsheets aim to provide a concise, yet fact-based analysis of some of the sector’s most pressing risks and challenges. The first two factsheets in the series address the rapidly changing patterns in spendable income and general operating expenditures … Continue reading “Data Insights series – Changing Patterns in University Revenues and General Operating Expenditures”

Leveraging Robotic Process Automation to Optimize Administrative Processes

Now more than ever, higher education administrators are looking for efficiency gains and seeking to answer a critical question: How can we do more with less? To help members answer this question, CAUBO has commissioned a report that outlines how Robotic Process Automation (RPA) can be applied to optimize administrative processes. The report, prepared by … Continue reading “Leveraging Robotic Process Automation to Optimize Administrative Processes”

A Statistical Approach Framework for Transactional Compliance Testing now available to institutional members

Do you currently review 100% of all expenses charged to a research grant? If so, did you know that the new principles-based guidelines introduced by the Tri-Agencies now allow institutions to consider materiality and risks for compliance testing purposes? To help member institutions reduce the administrative burden associated with compliance, CAUBO engaged KPMG to develop a … Continue reading “A Statistical Approach Framework for Transactional Compliance Testing now available to institutional members”

CAUBO 2020 cancelled

CAUBO 2020: Cancellation of the CAUBO guestroom block at the Westin Harbour Castle hotel As we informed you a few days ago, CAUBO 2020 has been cancelled due to the worldwide COVID-19 pandemic. This is to advise you that the Westin Harbour Castle will be cancelling all reservations found under the CAUBO guestroom block. If … Continue reading “CAUBO 2020 cancelled”