Resources & Articles

Year: 2015

2015 Federal Budget CommentaryApril 22nd, 2015

On April 21, 2015 the Honourable Joe Oliver, Minister of Finance, presented Canada’s Economic Action Plan (Budget) 2015 to the House of Commons. The Government’s fiscal positions include a deficit in...
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Forget About Succession Planning—6 Ways to Plan for Success Instead!April 16th, 2015

As small business owners, we’ve all had the knock at the door or the call from a ‘friend’ who tells you that they ‘do’ succession...
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GST/HST with Early Payment Discounts and Late Payment PenaltiesMarch 16th, 2015

As an incentive to improve cash flow, many companies offer early payment discounts to their customers, such as 2/10 net 30 terms (i.e. two percent...
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Statutory Accident Benefits Schedule Interest on Overdue AmountsMarch 10th, 2015

Effective January 1, 2015, there has been an amendment to the Statutory Accident Benefits Schedule (SABS) regarding interest payable by the auto insurance company on...
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The Virtues of Family Employment PoliciesFebruary 19th, 2015

There comes a time in every company — a tipping point — when growth prompts the need for more formal policies and procedures. One of...
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CRA Can Force GST/HST RegistrationJanuary 29th, 2015

The Excise Tax Act (ETA), subsection 240(1), requires a person who provides taxable property and services in Canada in the course of their commercial activity,...
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