Resources & Articles

Year: 2015


How Will Canada Address GST/HST on Digital Downloads?May 21st, 2015

Over the past year, you may have read in the news the issues concerning GST/HST as it relates to digitally downloaded movies, TV shows and...
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2015 Provincial Budget CommentaryApril 24th, 2015

On April 23, 2015 Finance Minister Charles Sousa introduced Ontario’s 2015 budget.  As many were expecting, the budget did not offer any changes to the business or personal income tax rates....
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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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Are You Eligible for the Employee and Partner GST/HST Rebate?February 19th, 2015

When filing your personal tax return in the upcoming months, if you are an employee or a partner in a partnership, consider your eligibility for...
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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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Am I Getting Good Value for My Investment Fees?January 22nd, 2015

We all pay our bills and most often know what value we’re getting for our money. We know what our cell phone bills are and...
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