Consulting

Without music to decorate it, time is just a bunch of boring production deadlines or dates by which bills must be paid. – Frank Zappa

While the press mainly focused on spending cuts, we listed here changes that will have more impact on finance side of our clients.

The draft rules announced by the Department of Finance on December 13, 2017, now extend the TOSI rules to certain family members over the age of 17.

Under the new rules, investment income will be tweaked with a number of adjustments to come up with a new amount called, “adjusted aggregate investment income”.

Every organization is formed on some overarching goal & objective, such as building a profitable business by satisfying a need or a not-for-profit organization dedicated toward a charitable focus that guides its actions.

There has been a lot of hype about Cryptocurrencies – about its legitimacy as an alternative currency as well as the merits of holding it as an investment.

Tax Planning challenges for Private Corporations – Items need to consider

It is never pleasant to be audited by CRA. The process takes time and valuable resources away from the running and growing your business.

When calculating your taxes, it is important to understand your deductible expenses and eligible tax credits that you can claim. Deductible expenses are subtracted from your income before it can be subjected to taxation. Understanding these expenses will help you go a long way in reducing tax liabilities. Tax credits, on the other hand, are […]

The following insight will help you ensure that your personal filing is in compliance with the CRA requirements.

Every internal audit function has its own internal audit framework which is Internal Audit Charter (the “Charter”). The Charter outlines the organizational status and role of the internal audit function, independence and governance, etc. However the Charter usually provides high level guidance, and therefore, it is also essential to have a robust Internal Audit Manual […]