Written by: Gwyneth James MBA CPA, CGA, Senior Partner Another year, another tax season. And as with most tax seasons, there are a few changes to be aware of. This year the change that has caused the most attention – and misinformation – is the declaration of the sale of your principal residence. NO, the … Read more
Written by: Suzanne Cody, CPA, CGA, Senior Partner If you are planning to delve into real estate as a source of income, there’s a lot of decisions you will need to make. One very common one is how to structure the ownership of the property. Two of the most common structures are personal and corporate. … Read more
Written by: Gwyneth James MBA CPA, CGA, Senior Partner You have an idea, a talent, an itch to be an entrepreneur. How do you make it a reality? There are many books written on the subject and your friends have lots of opinions, but where you really should start is with a free meeting with … Read more
Written by: Gwyneth James, MBA CPA, CGA, Senior Partner This month we finish our review of the rules found in the Employment Standards Act (ESA) which is managed and enforced by the Ontario Ministry of Labour. These rules provide direction with respect to paying your employees, but there are certain individuals and organizations that the … Read more
Written by: Suzanne Cody, CPA, CGA, Senior Partner Preferred shares are a hybrid investment having both the characteristics of owner’s equity and fixed income. These shares represent an ownership interest, do not have a maturity date, do not generally have voting rights, and have a par value (the value as declared in writing by the … Read more
Written by: Gwyneth James MBA CPA, CGA, Senior Partner This month we continue our look at the rules found in the Employment Standards Act (ESA) which is managed and enforced by the Ontario Ministry of Labour. These rules provide direction with respect to paying your employees, but there are certain individuals and organizations that the … Read more
Written by: Suzanne Cody CPA, CGA, Senior Partner A question often asked by people is whether they should own their investments personally or hold them in a corporation to delay paying income tax. Remember! There is no avoidance in paying the tax only careful planning to minimize the damage. The government strives to equalize the … Read more
Written by: Gwyneth James MBA CPA, CGA, Senior Partner As a society we have developed laws and rules which are generally designed to address fairness and safety. All of the rules involving paying your employees in Ontario can be found in the Employment Standards Act (ESA) which is managed and enforced by the Ministry of … Read more
Written by: Gwyneth James MBA CPA, CGA, Senior Partner The federal government has proposed enhancements to the Canada Pension Plan (CPP) that appear to have addressed the provincial government’s concerns about the retirement savings of Ontarians. If the CPP changes are ratified on July 15th, the proposed Ontario Retirement Pension Plan (ORPP) will be scrapped. … Read more
Written by Suzanne Cody, CPA, CGA, Senior Partner Running your own business takes time, effort, and requires informed decision making. Incorporation is one of those decisions that should never be made hastily. You need to do your homework and weigh the pros and cons. One immediate advantage for a profitable small business is a potentially … Read more