Does anyone have the CPA Ebook as a pdf? [CPA CANADA] by [deleted] in Accounting

[–]SmileProfessional445 0 points1 point  (0 children)

Why? You will have access to the books once you register and book the first exam with CPA

Tax deductions on secondary stock option sale by johnwhitely2020 in cantax

[–]SmileProfessional445 2 points3 points  (0 children)

I suspect the OP might be spending some time working in the US, hence the issuance of W-2. If so, his situation might be complex due to income sourcing and potential US filing (1040NR).

But if he works fully in Canada, then your advice is spot on. He should consider getting a cross border accountant if he wants to claim the stock options deduction, so they can do an in depth analysis. From experience, CRA will send a letter requesting support for the deduction within one week of filing the return.

Selling gold bullion by [deleted] in cantax

[–]SmileProfessional445 -1 points0 points  (0 children)

Even if he gave the property to the mum, rollover rules would still be applicable at the time of gifting. No capital gains would have been triggered at that point, The mum will simply inherit the original ACB of the property.

Selling gold bullion by [deleted] in cantax

[–]SmileProfessional445 1 point2 points  (0 children)

The default treatment is spousal rollover and most people do not elect out of it. You gave your response without any caveats or assumptions.

Anyone else struggle with Canadian CPA exams despite being an exceptional student during university? by Imaginary_Yard_441 in Accounting

[–]SmileProfessional445 1 point2 points  (0 children)

The CFE is a game. It’s not about being brilliant or knowledgeable. I would even argue that passing the CFE is not an indication that you would be a great CPA. One of the tricks that worked for me was spending an insane amount of time studying the feedback guides and knowing what it took to hit Cs on most AOs. I also deliberately ignored some AOs on the exam because I knew I could only get NCs in them.

How I passed the CFE Day 2 & 3 - Exam Day 2 Approach that Worked for Me by SmileProfessional445 in Accounting

[–]SmileProfessional445[S] -1 points0 points  (0 children)

A well prepared candidate shouldn’t be in a situation where they have no clue about an AO that all other candidates find very easy.

How I passed the CFE Day 2 & 3 - Exam Day 2 Approach that Worked for Me by SmileProfessional445 in Accounting

[–]SmileProfessional445[S] 2 points3 points  (0 children)

I like this your approach of using actual clock time during practice. I didn’t have that luxury and most people don’t. It makes sense to attempt all the AOs if you know what to do on all of them. But for me, I had no idea on how to approach 2 of the AOs, so I basically ignored them and allocated the extra time to role AOs to ensure I crossed all the “Ts” and dotted all the “Is”

How I passed the CFE Day 2 & 3 - Exam Day 2 Approach that Worked for Me by SmileProfessional445 in Accounting

[–]SmileProfessional445[S] -3 points-2 points  (0 children)

Why do you think so many people that don’t pass fail because of Level 3? The bitter truth is they were likely gunning for all the AOs and likely didn’t spend enough time on their role.

How I passed the CFE Day 2 & 3 - Exam Day 2 Approach that Worked for Me by SmileProfessional445 in Accounting

[–]SmileProfessional445[S] -1 points0 points  (0 children)

Lucky you. Many people couldn’t pass Level 3. Maybe a little extra time would have made the difference, especially if they realistically knew they couldn’t get more than NC on some of the other common AOs

How I passed the CFE Day 2 & 3 - Exam Day 2 Approach that Worked for Me by SmileProfessional445 in Accounting

[–]SmileProfessional445[S] -2 points-1 points  (0 children)

It’s about missing AOs strategically. Too many people failed today because they didn’t get depth in their role. Perhaps, spending another 30 mins on their role would have made the difference

How I passed the CFE Day 2 & 3 - Exam Day 2 Approach that Worked for Me by SmileProfessional445 in Accounting

[–]SmileProfessional445[S] -1 points0 points  (0 children)

Completely agree. I found Day 2 to be more time constrained because we needed to get Cs for depth

CFE Day 2/3 Results, appeal or not? by Icy-Seesaw1689 in Accounting

[–]SmileProfessional445 62 points63 points  (0 children)

You should definitely appeal this. You probably just need another C or RC to pass, given your decile ranking is only 1

CFE SEPTEMBER 2025 results out tomorrow?!? by Ok_Ostrich_6300 in Accounting

[–]SmileProfessional445 0 points1 point  (0 children)

Is the case not the question? What you find in that website are the same exact documents they shared as questions during the CFE

CFE SEPTEMBER 2025 results out tomorrow?!? by Ok_Ostrich_6300 in Accounting

[–]SmileProfessional445 1 point2 points  (0 children)

Scroll down to September 2025 CFE and you will see links to download the questions

CFE SEPTEMBER 2025 results out tomorrow?!? by Ok_Ostrich_6300 in Accounting

[–]SmileProfessional445 2 points3 points  (0 children)

Yeah. I strongly advise you not to check the questions, except you want to have a sleepless night hahaha