AI-native finance · Montreal + Dubai

Finance, led by CPAs.Powered by AI.

Fractional CFO, outsourced finance and cross-border tax for listed and private companies. Our own AI tools do the mechanical work overnight, and a CPA reviews and signs every figure.

6finance agents in production
15AI tools and client apps
24/7follow-the-sun delivery
6countries in the network
 agent-consoleillustrative
resurgent$ run marketable-securities --period 2026-09-30
  ✓ 12 listed positions priced at Level 1
  ✓ warrants valued, Black-Scholes, term-matched volatility
  ✓ tie-out to trial balance, difference 0.00
  ◆ FS note drafted, queued for CPA review
◆ Every run ends in a CPA's review queue.
The Brief
Trade / CUSMA The 2027 annual review consultation is open, and the comment window closes 12 January 2027Tariff refunds The Court of International Trade certified a nationwide class of IEEPA importers on 8 October 2026Rates and metals Canadian inflation printed 3.1% on 19 October, eight days before a live Bank of Canada decisionCanadian tax The "Productivity Mega Deduction" would make Canadian development expense 100% deductible, but it is draft legislation onlyUAE e-invoicing Pre-approval of service providers is gone, and the ASP appointment deadline is ten days awayUAE Pillar Two The 30 November 2026 top-up tax registration deadline is six weeks outAudit and automation The IAASB launched an interactive Technology Catalog on 8 October, with the audit evidence exposure drafts closing 15 December 2026IFRS reporting IFRS 18 is now 10 weeks from effect, and the IASB has cleared an exposure draft on substitute-for-income-tax chargesTrade / CUSMA The 2027 annual review consultation is open, and the comment window closes 12 January 2027Tariff refunds The Court of International Trade certified a nationwide class of IEEPA importers on 8 October 2026Rates and metals Canadian inflation printed 3.1% on 19 October, eight days before a live Bank of Canada decisionCanadian tax The "Productivity Mega Deduction" would make Canadian development expense 100% deductible, but it is draft legislation onlyUAE e-invoicing Pre-approval of service providers is gone, and the ASP appointment deadline is ten days awayUAE Pillar Two The 30 November 2026 top-up tax registration deadline is six weeks outAudit and automation The IAASB launched an interactive Technology Catalog on 8 October, with the audit evidence exposure drafts closing 15 December 2026IFRS reporting IFRS 18 is now 10 weeks from effect, and the IASB has cleared an exposure draft on substitute-for-income-tax charges
01AI Tools

The tools we build, and use every day

We write our own software. Some of it runs inside the firm, some is in front of clients behind their sign-in, and some is free for anyone to use.

In production
Finance agents

AI CFO Suite

The agent layer over the client books, with one agent for each recurring finance job: valuations, E&E, related parties, cap tables and FS compilation.

See the agents
In production
Finance agents

Document AI

Invoices, receipts, bank statements, contracts and broker confirmations are read into structured data instead of being retyped.

In production
Finance agents

QuickBooks agent gateway

Read-only, permissioned access to QuickBooks: trial balance, ledger, P&L, balance sheet and vendor analysis on demand.

In production
Finance agents

Variance commentary

Budget against actuals, pulled live from the ledger. Click a variance and the agent drafts the explanation for a reviewer to edit.

Internal
Finance agents

Mail assistant

Reads the firm's mailbox for client commitments and lists what is still outstanding.

Live
Client platform

Expense Logger

Photograph a receipt or drop a whole pile. Each one is read, coded to the right account and queued for approval.

Client sign-in
Live
Client platform

Credit card tracker

Statements are matched to receipts automatically. Anything without a document is followed up rather than guessed.

Client sign-in
Live
Client platform

AP Payment Portal

Invoice capture, approval workflow and the payment run, reconciled back to QuickBooks.

Client sign-in
In production
Client platform

Bank reconciliation

Bank lines are matched to the ledger automatically, so only the exceptions reach a person.

Live
Client platform

Budget & board dashboards

Budgets, cash runway, FS and MD&A figures published to a private dashboard that is always current.

Client sign-in
Live
Client platform

Cap table & warrant registers

Shares, warrants, options and notes kept continuously, with the position on any date.

Client sign-in
Free trial
Free to use

Live Translate

Live subtitles across your screen as people speak, or the translation read into your ear. English, French and Spanish in any direction.

Open
Free
Free to use

Resurgent Bangla

Speak Bengali and get clean Bengali text you can copy anywhere.

Open
Free
Free to use

Share my screen

Show your screen to someone through the browser, with a pointer to guide them. Nothing to install.

Open
Clients
Free to use

World Mine Atlas

Operating mines, development projects and exploration properties worldwide on one searchable map.

Open
Open the free tools page Client applications open from one sign-in.
02How It Works

Four steps, one of them always human

Every engagement runs through the same sequence. The agents take the mechanical steps; the accountable step stays with a person.

01

Capture

Receipts, invoices, bank and broker statements and the QuickBooks ledger come in as data.

Document AI
02

Draft

Agents do the assembly overnight: coding, matching, valuing, reconciling and drafting the note.

Agents
03

Review

A CPA checks every figure against its source and makes the judgement calls.

CPA
04

Deliver

Books, filings and dashboards go out, with the working paper produced as the work was done.

Client
The Resurgent AI Journey: From bookkeeping to an AI-native finance firm
03The Agents

One agent for each recurring finance job

We build our own tools. AI amplifies the follow-the-sun model — more throughput, fewer errors, lower cost, with governance intact.

agent://marketable-securities

Marketable securities

Period-end market valuation — live Level-1 prices, Black-Scholes warrants on term-matched volatility, trial-balance tie-out and the FS note extract.

agent://exploration-evaluation

Exploration & evaluation

E&E additions and carrying value by property and by nature, flow-through vs non-flow-through, and the CEE commitment position.

agent://ncib-buyback-register

NCIB buyback register

Broker confirmations and Form 14b cancellations reconciled to shares issued and outstanding at any date.

agent://related-party-ias-24

Related-party (IAS 24)

Related-party transactions and balances identified across entities and drafted into the disclosure note.

agent://cap-table

Cap table

Share and warrant movements maintained continuously instead of rebuilt each quarter.

agent://fs-compilation

FS compilation

Trial balance to a formatted, cross-referenced set of financial statements.

04AI Governance

Automation with a signature on it

Where we deliberately keep the human.

RULE 01

A CPA signs, not a model

Every filed number, note and statement is reviewed and signed off by a qualified accountant. The agent drafts; the CPA is accountable.

RULE 02

Read-only by default

Agents read the books. Postings, payments and filings stay behind human approval.

RULE 03

Every figure traces back

Outputs are source-linked to the ledger, the confirmation or the contract they came from — so a reviewer can check, not just trust.

RULE 04

Client data is not training data

Client books are used to serve that client. They are not pooled, shared or used to train third-party models.

RULE 05

Judgment is not automated

Materiality, going concern, impairment triggers, related-party characterisation and disclosure calls remain professional judgments.

RULE 06

Audit-ready evidence

The working papers show what the agent did, on what inputs, and who reviewed it.

What it changes

Zero backlog

Books stay current instead of being caught up before each reporting deadline.

Faster close

Mechanical assembly happens overnight; the working day is spent on review and judgment.

Cost that scales down

Automation compounds the Eastern cost advantage instead of replacing it.

Fewer transcription errors

Numbers move between systems as data, not as retyping.

One reviewer, six time zones

Context lives in the work, so a file changing hands does not mean starting the explanation again.

Evidence by default

The working paper is produced as the work happens, not reconstructed for the auditor afterwards.

Where the profession is
83%
of finance leaders name AI adoption as a force reshaping the finance function
Wolters Kluwer, 2026 Future Ready CFO
71%
of finance leaders report faster decision-making after adopting AI
KPMG, AI in Finance 2026
64%
report improved forecast accuracy
KPMG, AI in Finance 2026

In January 2026 the PCAOB set out that independence, professional skepticism and responsibility must survive into an AI-augmented audit — and named agentic auditing as a near-term reality. We build to that standard now rather than retrofit to it later.

05Who We Are

A Canadian finance firm, built for a borderless world

Resurgent Montreal is a Canadian business advisory and outsourced finance firm delivering Fractional CFO services, accounting & bookkeeping, taxation, financial reporting and cross-border structuring to public-listed and private companies worldwide.

Incorporated in Canada in 2018 and headquartered in Montreal, we now run a globally integrated delivery platform — with back-office hubs across Canada, India, Bangladesh and New Zealand, and a growing base in Dubai, UAE — powering a true 24/7 model.

2018
Incorporated in Canada
6
Countries in the delivery network
24/7
Follow-the-sun turnaround
2
Continental hubs — Montreal & Dubai
The Resurgent Proposition: Two strengths. One integrated firm.
ca flag
North American

Governance

  • CPA-led, Canadian professional standards
  • TSX-V / CSE public-company reporting & MD&A
  • Audit-ready files and clean auditor hand-off
  • Robust internal controls & board-grade rigor
  • Direct, accountable client relationship
+
ae flag
Eastern

Cost Advantage

  • Global delivery hubs in India, Bangladesh & NZ
  • 40–60% lower cost than in-house finance teams
  • 24/7 follow-the-sun — zero backlog
  • Scale the team up or down, on demand
  • Dubai hub for tax-efficient cross-border reach
06Our Services

A full finance function, on demand

SERVICE 01Fractional CFO
  • Stock-exchange reporting & MD&A
  • Financing & financial modelling
  • Reverse takeovers / RTOs
  • Internal controls & ERP
SERVICE 02Controller
  • Full-cycle accounting
  • GST / PST / VAT returns
  • Audit coordination
  • Month-end & close
SERVICE 03Bookkeeping
  • Up-to-date, zero backlog
  • 24/7 follow-up service
  • QuickBooks, Sage & Xero
  • Acomba and SAP experts
SERVICE 04Due Diligence
  • Buy-side financial DD
  • Valuation reports
  • Financial modelling
  • Quality of earnings
SERVICE 05Advisory & Tax
  • Cross-border tax structuring
  • Investor presentations & IM
  • Transfer pricing
  • M&A structuring
07Global Delivery Model

One firm, six time zones, 24/7

Work moves with the sun. A file opened in Montreal is progressed overnight across our Asian hubs and returned before the next business day — with Dubai bridging East and West.

Montreal

North American HQ

Governance · CPA standards · public-company reporting · client relationship

Dubai

Cross-Border Hub

North American client support · bookkeeping · UAE tax & structuring

Delivery & back-office network
Canada flag

Canada

Reporting & review

USA flag

USA

US client support & reporting

India flag

India

Accounting & tax

Bangladesh flag

Bangladesh

Bookkeeping & ops

New Zealand flag

New Zealand

Overnight coverage

UAE flag

UAE

North American support & bookkeeping

Clients served across
CanadaCanadaUnited StatesUnited StatesMexicoMexicoUnited KingdomUnited KingdomIrelandIrelandAustriaAustriaMiddle EastMiddle EastIndiaIndia
08Across the Globe

How a Montreal firm came to work in six countries

Resurgent did not open offices for the sake of a map. Each hub was added because a client need crossed a border — a listing, a tax corridor, a time zone that had to be covered. The result is a firm that hands work around the world once a day.

6
Countries in the delivery network
4
Continents covered
8
Client geographies served
24
Hours of coverage, every day

The handover, hour by hour

Working windows shown in UTC, 09:00–18:00 local. Montreal opens as Asia hands over; Dubai bridges the two.
24-HOUR COVERAGE00:0003:0006:0009:0012:0015:0018:0021:0024:00UTCNew Zealand09:00–18:00 NZSTBangladesh09:00–18:00 BSTIndia09:00–18:00 ISTUAE09:00–18:00 GSTCanada09:00–18:00 EDTUSA09:00–18:00 EDT
The waves, in order
2018
Montreal, Canada

Incorporation and North American HQ

A Canadian firm with CPA-led governance, built to carry public-company reporting for TSX-V and CSE issuers.

2019–21
India

Accounting and tax delivery hub

Public-issuer mandates brought volume. India added qualified accounting capacity and cross-border tax depth.

2022–23
Bangladesh · New Zealand

Bookkeeping, operations and overnight cover

Adding a hub twelve hours from Montreal closed the last gap in the clock and made follow-the-sun real.

2024
United States

US desk

North American clients wanted one firm either side of the border — reporting, bookkeeping and management accounts.

2025
Dubai, UAE

Resurgent Montreal FZCO

Clients running companies in both Canada and the Gulf needed both sets of books, and the UAE's new corporate tax and VAT regime needed owning.

2026
Everywhere at once

An AI-native delivery layer

Agents took over the mechanical assembly, so adding a geography no longer means adding proportional headcount.

The corridors we are built for

Canada ↔ UAE

Listed-issuer reporting in Montreal, operating books in Dubai, one reconciliation.

UAE ↔ India

Residency, transfer pricing and corporate tax across the busiest Gulf corridor.

UAE ↔ USA

US owners of Gulf entities — filing on both sides without two advisers.

Canada ↔ USA

Cross-border structuring and reporting while the trade rules keep moving.

09Dubai Desk

Two countries, one set of books

Many of our clients run companies in both Canada and the UAE. Resurgent keeps both sets of books — reconciled, compliant and reporting-ready — under one firm, one point of contact.

UAE–India · UAE–USA · UAE–Canada
bookkeeping, tax & structuring across both jurisdictions

UAE Bookkeeping & Accounting

For clients with companies in both Canada and Dubai — one firm keeps both sets of books, reconciled and reporting-ready.

Cross-Border Tax & Structuring

UAE–India / UAE–USA / UAE–Canada personal & corporate tax, tax-efficient and compliant.

UAE Corporate Tax & VAT

Registration, compliance and ongoing filing under the new UAE regime.

Company Setup & Back-Office

Free-zone / mainland setup with bookkeeping and CFO support built in.

10Sectors Served

Depth across regulated, capital-intensive industries

Mining & Resources

Juniors, RTOs, exploration & DSO projects

Telecom

Controller & reporting for network operators

Real Estate

Structuring, reporting and financing support

Pharma & Health

Compliance-heavy reporting and controls

Trading & Distribution

Multi-currency accounting and margins

Public Capital Markets

TSX-V / CSE listed issuer reporting

11Our Team

One team, four countries — governance where it counts

ca flag
Canada

Arnab De

Founder & Managing Director
Tata-groomed, 19+ yrs in the Tata Group. Ex-CFO, Tata Steel Minerals Canada — DSO project & $1.5B+ funding. Fractional CFO to listed issuers.
CPA · CGMA · CMA · MBA (IIMC)
in  in/arnab-de-08191a95
us flag
United States

Krish Ramakrishnan

US Desk Lead
Leads US client engagements — full-cycle accounting, bookkeeping and management reporting for North American companies.
CPA · CA
ae flag
United Arab Emirates

Piyush Jain

UAE Desk Lead
Ex-FedEx, Kellogg's, Mondelez & Ball. Led finance teams of 80+ across Europe, MEA & India for $1B+ businesses.
CA · 25+ yrs
in flag
India

Rima Roychowdhury

India Desk Lead
Ex-EY International Tax Head. Cross-border tax for corporates & HNW individuals; controllership & assurance.
CA · Ex-EY
12Selected Clients

Trusted by listed issuers and founders alike

Fancamp Exploration

TSX-V:FNC

Silver Acadia Resources

CSE:SLA

Defence Therapeutics

CSE:DTC

EDM Resources

TSX-V:EDM

Telus

TSX:TNYSE : TU

Goldera

PRIVATE

Analog Gold

PRIVATE

Eleu Health

PRIVATE

Camelion North America

PRIVATE

Engagements span public-company CFO mandates, cross-border tax and full outsourced finance. Tickers shown for listed issuers; private companies marked accordingly.

13Why Resurgent

Governance you can bank on — at a cost that scales

01Credible track record

A Tata grooming — board-grade discipline delivered to every engagement.

02One-stop finance function

Finance, accounts, corporate tax, VAT, transfer pricing and advisory under one roof.

03International tax expertise

Cross-border structuring across UAE, India, USA and Canada.

04Local presence, global reach

On-the-ground in Montreal and Dubai; delivery across four continents.

0524/7 responsiveness

Response centres spread across the world — no backlog, fast turnaround.

06Right-sized economics

Eastern delivery cost with North American quality and accountability.

14The Brief

What is moving right now — and what it means for your books

As at 20 October 2026

This week's developments share two themes: trade and tax regimes shifting from settled assumption to live risk — CUSMA annual reviews, IEEPA tariff refunds, and draft-only Canadian expensing rules — and a wave of hard compliance deadlines landing on UAE and reporting clients. Together they mean re-dated assumptions in models and documentation, and diary dates that start ten days out.

Dates already in the diary
28 Oct 2026
Bank of Canada policy rate decision and Monetary Policy Report. The rate has sat at 2.25% since 2 September 2026; September CPI at 3.1% and the Q3 Business Outlook Survey both landed on 19 October and both point to upside inflation risk from tariffs and energy.
30 Oct 2026
UAE: deadline for every in-scope person with annual revenue of AED 50 million or more to have appointed an Accredited Service Provider under the e-invoicing regime. Note that Ministerial Decision No. 168 of 2026 abolished preliminary approval on 1 October 2026 and gave previously pre-approved providers 30 days to complete full accreditation — so verify your client's provider is actually accredited, not merely pre-approved.
End of Oct 2026
(31 October falls on a Saturday) UAE corporate tax return and payment due for tax periods ended 31 January 2026, being nine months after period end. Late filing attracts AED 500 per month or part month for the first twelve months, rising to AED 1,000 per month from the thirteenth.
30 Nov 2026
UAE: Pillar Two / domestic top-up tax registration deadline for in-scope entities whose first in-scope fiscal year ended before 30 April 2026, under FTA Decision No. 12 of 2026. Entities with first in-scope years ending on or after 30 April 2026 register within seven months of year-end.
15 Dec 2026
IAASB consultation closes on proposed ISA 330 (Revised), ISA 500 (Revised) Audit Evidence and ISA 520 (Revised) Analytical Procedures — the package that will govern how auditors obtain and evaluate evidence from automated and AI-assisted systems.
1 Jan 2027
Three things land together: IFRS 18 becomes effective for annual reporting periods beginning on or after this date (2026 comparatives required); mandatory UAE e-invoicing begins for businesses at or above AED 50 million revenue; and the ISSB's December 2025 targeted amendments to the IFRS S2 greenhouse gas disclosure requirements become effective for reporting periods beginning on or after this date.
12 Jan 2027
11:59 p.m. EST — USTR deadline for written comments and requests to appear at the public hearing for the 2027 annual USMCA/CUSMA joint review, docket USTR-2026-0595.
19 Feb 2027
Comment deadline on the ISSB's exposure draft proposing an IFRS Practice Statement on nature-related disclosures, launched at COP17 with a webinar on 22 October 2026 and a 120-day consultation. Relevant to mining clients given TNFD-derived content on dependencies and location specificity.
31 Mar 2027
Canada: the 15% Mineral Exploration Tax Credit expires for flow-through share agreements entered into after this date (extended two years by Finance Canada's 3 March 2025 announcement), and the 30% Critical Mineral Exploration Tax Credit window also ends on this date absent renewal. Same date in the UAE: ASP appointment deadline for businesses below AED 50 million and for government entities.
1 Jul 2027
UAE: mandatory e-invoicing begins for in-scope businesses with annual revenue below AED 50 million, including non-VAT-registered and free zone entities within scope. (Government entities follow on 1 October 2027.)
15 Dec 2027
CSSA 5000, the Canadian Standard on Sustainability Assurance adopted by the AASB on 9 March 2026 from ISSA 5000, becomes effective for assurance engagements on sustainability information reported for periods beginning on or after this date, with early application permitted. CSAE 3410 is withdrawn at that point and CSAE 3000 may no longer be used for sustainability assurance. The AASB is still deliberating a Canadian amendment relating to Indigenous matters.
Annually to 1 Jul 2036
CUSMA joint reviews now recur every year under Article 34.7.4 because the US declined extension on 1 July 2026. The agreement expires on 1 July 2036 unless all three parties agree to extend.
Trade / CUSMA

The 2027 annual review consultation is open, and the comment window closes 12 January 2027

CUSMA did not die on 1 July 2026, but it did not renew either. At the mandatory six-year joint review the United States declined to extend the agreement for a further sixteen-year term, which activated Article 34.7.4 and converted the pact into one subject to annual joint reviews through to its expiry on 1 July 2036. Canada and Mexico both affirmed support for renewal; the US did not. On 5 October 2026 USTR published its request for comments and notice of public hearing in advance of the 2027 annual review (91 FR 63379, docket USTR-2026-0595). Written comments and requests to appear at the hearing are due by 11:59 p.m. EST on 12 January 2027; hearing date and location are to be posted to ustr.gov. All existing CUSMA rights — preferential tariffs, rules of origin, investment protections, dispute settlement — remain fully operative in the meantime.
What it means

Stop treating CUSMA origin as a settled, decade-long assumption in transfer-pricing documentation, supply contracts and going-concern narratives; for any client with Mexico or US manufacturing exposure, calendar a decision by mid-December on whether to file a comment, and document the annual-review risk in the MD&A risk factors and in any long-lived asset impairment model that relies on duty-free North American flows.

Office of the United States Trade Representative, Federal Register notice of 5 October 2026
Tariff refunds

The Court of International Trade certified a nationwide class of IEEPA importers on 8 October 2026

Following the Supreme Court's 6–3 decision of 20 February 2026 in Learning Resources, Inc. v. Trump holding that IEEPA does not authorise the President to impose tariffs, the Federal Circuit issued its mandate on 2 March 2026 and the CIT began ordering CBP to liquidate and reliquidate entries without IEEPA duties from 4 March 2026. CBP built a new module, Consolidated Administration and Processing of Entries (CAPE), to run importer-initiated refunds. As of early October 2026 roughly US$136.6 billion in potential and certified refunds had been accepted into CAPE and approximately US$126 billion in duties plus interest had actually been refunded. On 8 October 2026, in Freestyle World, Inc. v. United States, the CIT certified a nationwide class of importers who paid IEEPA duties between 1 February 2025 and 19 February 2026 and who have not filed their own suits. Certification is not itself a refund order — class members only get paid if the court enters a class-wide injunction and CBP processes their entries.
What it means

For any client that imported into the US in that window, pull the entry summaries now and quantify the IEEPA duty paid; if the amount is material, recognise it as a contingent asset disclosed but not recognised under IAS 37 until the injunction issues, and decide this quarter whether to stay in the class or file individually. Note separately that Canada's own counter-tariffs are unaffected and remain live.

Steptoe LLP, "Relief in Sight: CIT Certifies Class for IEEPA Tariff Refunds for Certain Importers"
Rates and metals

Canadian inflation printed 3.1% on 19 October, eight days before a live Bank of Canada decision

Statistics Canada released September CPI on 19 October 2026: headline inflation 3.1% year over year, up from 3.0% in August, and +0.4% month over month seasonally adjusted. Transportation was +8.4% y/y, shelter +1.8%, and food purchased from stores decelerated to +1.7% from 2.8%. The same morning the Bank of Canada published its Q3 Business Outlook Survey (Vol. 23.3, 19 October 2026; interviews conducted 6 August to 2 September 2026): sentiment improved on the quarter, but roughly three-quarters of interviews predated the breakdown of Canada–US trade talks and the new counter-tariffs, and responses gathered afterwards show renewed tariff pressure on costs, selling prices and inflation expectations. The policy rate has been held at 2.25% since the 2 September 2026 decision — the seventh consecutive hold — with the next decision and Monetary Policy Report on 28 October 2026. On the metals side, gold was trading around US$4,170–4,180/oz on 19 October (spot US$4,171.65 per the CNBC print quoted by USAGOLD), silver around US$56.89/oz, and COMEX copper US$6.57/lb, up 31.8% year over year and 4.6% below its 9 September 2026 record of US$6.89.
What it means

The cheap-money assumption is over — refresh discount rates and any IFRS 16 incremental borrowing rate at 31 December, and stress-test covenant headroom at an unchanged or higher policy rate rather than a cut. For the juniors, the metals complex is still historically rich but off its highs: use spot-to-date averages, not September peaks, in impairment and reasonable-prospects assumptions.

Bank of Canada, Business Outlook Survey — Third Quarter of 2026
Canadian tax

The "Productivity Mega Deduction" would make Canadian development expense 100% deductible, but it is draft legislation only

On 15 September 2026, at the Canada Investment Summit in Toronto, the Prime Minister and the Minister of Finance announced, and the Department of Finance released draft legislative proposals for, the Productivity Mega Deduction. It would provide permanent immediate expensing — a 100% first-year CCA deduction — for a broad range of new or used depreciable property acquired and available for use after 14 September 2026, covering roughly two-thirds of capital investment (against about 15% under Budget 2025's Productivity Super-Deduction). Critically for mining clients, it creates a new "immediate Canadian development expense" category: CDE incurred on or after 15 September 2026 would be fully deductible in the year incurred rather than at 30% declining balance. Qualifying amounts can still be renounced to flow-through investors, but only under agreements entered into on or after announcement day, and mining development expense generally must be incurred before renunciation. Finance projects the measure cuts Canada's marginal effective tax rate on new business investment from 13.0% to 6.4%. This is not law: as at 30 September 2026 the proposals had not been tabled as a bill, so they are not enacted or substantively enacted.
What it means

Do not recognise any deferred tax effect yet — IAS 12 measurement still runs off enacted or substantively enacted rates, and Budget 2025's own M&P building expensing is still sitting in Bill C-31 at committee as a cautionary precedent. Do, however, re-sequence 2026–27 development spend and redraft flow-through subscription agreements so that CDE renunciation language is in place for agreements signed after 15 September 2026.

PwC Canada, Tax Insights: Canada's Productivity Mega Deduction — Its application to mining companies
UAE e-invoicing

Pre-approval of service providers is gone, and the ASP appointment deadline is ten days away

The UAE Ministry of Finance announced on 9 October 2026 Ministerial Decision No. 168 of 2026, effective 1 October 2026, which repeals Ministerial Decision No. 64 of 2025 and its amendments (including Decision No. 56 of 2026) and rebuilds the accreditation regime for e-invoicing service providers. The former preliminary-approval stage is abolished: a provider must now complete an eligibility assessment, interoperability testing, verification of end-user onboarding capability and successful tax-data reporting tests to the Federal Tax Authority before the Ministry grants accreditation and lists it in the official register. Providers that held preliminary approval have 30 days from 1 October 2026 to satisfy the new requirements, generally without a fresh application; failure terminates the preliminary approval. This matters because businesses with annual revenue of AED 50 million or more must appoint an Accredited Service Provider by 30 October 2026 (extended from 31 July 2026 by Ministerial Decision No. 66 of 2026) and go live with mandatory e-invoicing on 1 January 2027. Businesses below AED 50 million appoint by 31 March 2027 and go live 1 July 2027; government entities appoint by 31 March 2027 and go live 1 October 2027. The pilot and voluntary phase opened 1 July 2026.
What it means

Before 30 October, confirm in writing that each UAE client's chosen ASP appears on the MoF register under the new direct-accreditation regime — a provider that held only preliminary approval and has not completed accreditation is not a valid appointment. Then map QuickBooks Online invoice data to the structured XML/Peppol fields now; credit notes must also be issued in structured format and transmitted through the FTA system.

UAE Ministry of Finance, eInvoicing programme portal
UAE Pillar Two

The 30 November 2026 top-up tax registration deadline is six weeks out

The UAE introduced its domestic minimum top-up tax (a QDMTT under Cabinet Decision No. 142 of 2024) for fiscal years beginning on or after 1 January 2025, and the OECD granted it transitional qualified status in August 2025. FTA Decision No. 12 of 2026, issued 16 July 2026, sets the registration, deregistration and in-scope/out-of-scope notification mechanics. The general rule is registration within seven months after the end of the first fiscal year in which an entity falls within scope; a transitional rule gives entities whose first in-scope fiscal year ended before 30 April 2026 until 30 November 2026 to register. Deregistration on leaving the group or ceasing to exist is within six months. Scope is tested on the Ultimate Parent Entity's consolidated revenue of EUR 750 million or more in at least two of the four preceding fiscal years — not on standalone UAE revenue — and groups operating exclusively within the UAE are out of scope regardless of size.
What it means

For every UAE client in a group anywhere near the EUR 750m line, run the four-year consolidated revenue test from the UPE's accounts this week, not at year-end, and file the registration before 30 November; remember that top-up tax falls within IAS 12 so you will need current tax accruals and the Pillar Two disclosure package even where the computed top-up is nil.

UAE Federal Tax Authority, Corporate Tax legislation register (FTA Decision No. 12 of 2026)
Audit and automation

The IAASB launched an interactive Technology Catalog on 8 October, with the audit evidence exposure drafts closing 15 December 2026

On 8 October 2026 the IAASB launched an interactive digital version of its Technology Catalog, complementing the semi-annually published, formally cleared PDF edition; the interactive version reflects the third edition and adds five new technology and assurance topics plus updated mapping of how technology issues feed the Board's active projects. This sits alongside the live consultation that will reshape how your auditors test automated and AI-assisted processes: at its June 2026 meeting the IAASB unanimously approved exposure drafts of proposed ISA 330 (Revised), ISA 500 (Revised) Audit Evidence and ISA 520 (Revised) Analytical Procedures, issued for public comment in August 2026 with comments due 15 December 2026. ED-500 shifts the focus to evaluating the relevance and reliability of information intended to be used as audit evidence, and the package explicitly addresses entities' and auditors' use of technology in a principles-based way. In September 2026 the Board discussed first full drafts of proposed ISA 501 (Revised) on inventory and ISA 505 (Revised) on external confirmations, and the 2026 IAASB Handbook was released at the start of October.
What it means

Expect mid-tier Canadian auditors to start asking, this busy season, for evidence of controls over the information produced by QuickBooks Online and any bolt-on automation — reconciliations, access logs, change management, and documentation of who reviewed machine-generated outputs. Build that evidence trail now rather than reconstructing it in March, and if your firm uses AI in preparing client workpapers, write down the human review step.

IAASB, "IAASB Launches Interactive Digital Technology Catalog," 8 October 2026
IFRS reporting

IFRS 18 is now 10 weeks from effect, and the IASB has cleared an exposure draft on substitute-for-income-tax charges

IFRS 18 Presentation and Disclosure in Financial Statements, issued 9 April 2024, replaces IAS 1 and is effective for reporting periods beginning on or after 1 January 2027, with early application permitted — meaning calendar-year TSX-V and CSE issuers need 2026 comparatives restated into the new operating/investing/financing categories. On 22 April 2026 the IASB ratified four agenda decisions on IFRS 18 application and updated a number of existing IAS 1–era agenda decisions; the Interpretations Committee has since issued tentative agenda decisions on management-defined performance measures, including whether an MPM may include hypothetical income and expenses (the Committee's initial view being that it may). Separately, at its 23 September 2026 meeting all twelve IASB members approved proceeding to an exposure draft, with a 120-day comment period, that would require tax charges imposed by a government as a direct substitute for income taxes to be classified in the income taxes category of profit or loss rather than in operating profit, with related disclosure requirements and a parallel amendment to IFRS 19 for eligible subsidiaries. The IASB expects to publish that exposure draft in Q4 2026 — it is a proposal, not a standard.
What it means

Run a dry-run IFRS 18 statement of profit or loss off the 2026 QBO trial balance before year-end close, and settle now which non-GAAP measures in your clients' news releases will become MPMs requiring a reconciliation inside the audited statements — for juniors that typically means "exploration expenditures" and adjusted loss measures. Flag for mining and UAE clients that resource levies and substitute-for-income-tax charges may move out of operating profit if the proposal is finalised.

IFRS Foundation, Presentation of Taxes or Other Charges that Are Not Tax Expense or Tax Income Applying IAS 12 (IFRS 18) project page
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16World Mine Atlas

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We follow the mining sector closely because many of our clients are in it. The atlas brings operating mines, projects in development and exploration properties together from government mine registers, geological surveys, open trackers and issuers' own filings, so you can see who is working where, and at what stage.

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Iron ore, tracked monthly.

We keep a running database of the benchmark 62% Fe spot price, c.f.r. China, and every published forecast we can source — so our mining and resources clients' board packs, budgets and impairment models all start from the same number.

Latest month
$96.30
Aug 26 avg, USD/dmt
Latest spot
$94.45
2026-08-07
12-month average
$102.73
Sep 2025 – Aug 2026
12-month range
$96–109
a tight band, by this commodity
90100110$96.3Sep 24Jan 25May 25Sep 25Jan 26May 26Aug 26

Published forecasts centre on $95 for 2026 (range $85–$100 across 12 views) and $93 for 2027 — softer, as new supply meets weaker Chinese steel demand.

See the full price database

Source: World Bank Commodity Price Data (the Pink Sheet), 62% Fe fines spot, c.f.r. China. Price history through Aug 26. Information only, not investment advice.

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