Skip to main content Skip to search

Publications

Is Your Company “Audit Ready”?

Audit ready or audit readiness is just as the name implies: ensuring that your organization is prepared for an audit. Achieving audit readiness not only supports the external auditor’s objectives, but it also benefits the organization internally through the tracking of financial results against operations, and externally, through the reporting to lenders and investors. The following steps will ensure your team is audit ready all year round!

Read more

Corporate Social Responsibility: An Organization’s Corporate Value

One may think that the main objective of a business is unequivocally about the “bottom line” (i.e., profits). However, this is often a mistake that may cause a business a lot of trouble and ultimately, negatively impact profitability. While we can all agree that the bottom line is extremely important to an organization’s success, several other aspects are intertwined with the overall value of the entity. This value extends far beyond mere economic factors to include social and environmental factors mending together as “the company”.

Read more

New Luxury Tax Coming into Effect on September 1, 2022

Budget 2021 had announced the introduction of Luxury Tax on the sale or import of certain vehicles, boats, and aircraft. With the Luxury Tax set to take effect as of September 1, 2022, now is the time to buy the luxury goods subject to the tax, before the tax comes into effect. This article will discuss how the Luxury Tax works, as well as the implications to the vendors that may be required to register.

Read more

Income Considerations in a Marital Breakdown

Marital breakdowns can be some of the most difficult, emotional experiences for individuals to face. Among the many issues to consider are the financial elements related to the division of Net Family Property (i.e. equalization of net assets) along with Spousal and/or Child Support obligations.

Read more

Lock in Prescribed Interest Rate Loans by June 30, 2022

A low prescribed rate can provide plenty of tax-saving opportunities for you and your family. With the Canada Revenue Agency (CRA)’s prescribed rate currently at a historical low of 1% per annum and the expected increase of the prescribed rate to 2% starting July 1, 2022, now is an excellent time to take advantage of the prescribed rate loan family trust strategy.

Read more

The 2022 Federal Budget

The Deputy Prime Minister and Finance Minister Chrystia Freeland tabled the 2022 Federal Budget on April 7, 2022. This article provides our summary of some of the tax measures proposed in the Budget. 

Read more

RRSP – It’s Not Too Late to Make Your Contribution for 2021!

One of the best tools to save for retirement is a Register Retirement Savings Plan (“RRSP”). An RRSP is a special type of registered investment and savings account that provides opportunities to reduce your taxes in the year of contribution and defer income taxes on the income earned within the account. 

Read more