Resources & Articles

Year: 2018


Meet the Lead of Our Manufacturing & Distribution Sector Services: Gary KornyaDecember 14th, 2018

Gary is the acting Chair of the Firm’s Executive Committee.  In this role, he helps to set and shape the strategic direction of the Firm, along with...
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ACTIVE BUSINESS VS. PROPERTY INCOME: Music RoyaltiesDecember 13th, 2018

A private corporation’s income from a specified investment business (SIB) is not eligible for the active business tax rates (varying from 10% to 31%, depending...
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Work in Process (WIP) Valuation StrategiesNovember 29th, 2018

In many industries – and especially in construction – the method by which a company chooses to value its work in process and consequently recognize...
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RETAINING EMPLOYMENT INSURANCE (EI) BENEFITS: Starting Part-Time WorkNovember 27th, 2018

As of August 12, 2018, the “Working While on Claim” program became a permanent part of the EI system. Prior to the program, an individual...
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Meet the Lead of Our Professionals Sector Services: Andrew JubenvilleNovember 23rd, 2018

Andrew currently works out of DJB’s Hamilton office where he provides accounting, assurance, taxation, and consulting services to a variety of owner-operated businesses and not-for-profit...
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How Does GST/HST Apply When Purchasing a Business?November 22nd, 2018

When you are purchasing a business in a share deal, the GST/HST implications can be fairly straight forward, in that the purchase of shares of...
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Annual Financial Statement Preparation – What Are My Options?November 21st, 2018

All corporations, for-profit and not-for-profit, must prepare annual financial statements to accompany their tax filings with Canada Revenue Agency. However, determining the “type” of financial...
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What’s the “Skinny” on “Skinny Voting Shares”?November 20th, 2018

The valuation of skinny voting shares has recently become a topic of discussion among valuation professionals. First off, what are skinny voting shares? The most...
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Focused on Ensuring that Businesses are Handling Their (GST/HST) Correctly Both Nationally and InternationallyNovember 16th, 2018

Commodity tax (often referred to as Indirect Tax; GST/HST, PST) is often overlooked by businesses until the Canada Revenue Agency (CRA) knocks on your door...
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What Does the ‘Wayfair’ Decision Really Mean?November 15th, 2018

Background On June 21, 2018, the U.S. Supreme Court concluded on one of the most important state tax cases of the last 25 years in Wayfair...
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