Succeeding in Turbulent Times

Posted by & filed under Canadian Economy, Managerial Accounting.

Succeeding in Turbulent Times The credit crisis is just one of several factors influencing Canadian companies today. The Canadian dollar, rising energy costs, pressure from off-shore competitors and the economic slowdown in North America are also contributing to widespread economic uncertainty; creating challenges and opportunities and a need for businesses to focus on value preservation… Read more »

A Business Case for Sustainability

Posted by & filed under Canadian Economy, Corporate Social Responsibility.

A Business Case for Sustainability Regardless of your corporate size or industry Corporate Social Responsibility (CSR) and sustainability will have an impact on the future of your business. Business Case The business case for adopting socially responsible and sustainable business practices is clear, regardless of what industry you are in. Just look at the environmental… Read more »

Changes to the QST System in 2013

Posted by & filed under Canadian Economy, Taxation & Planning.

New method for calculating the QST As of January 1, 2013, the QST will be calculated on the selling price not including GST. However, to ensure the total taxes payable remain the same, the QST rate will be increased to 9.975%. Calculating the Taxes Currently, GST and QST are collected on most goods and services… Read more »

Technology for Performance Measurement

Posted by & filed under Canadian Economy, Corporate Restructuring.

Technology for Performance Measurement Performance Management and reporting is critical for every organization whether small or large, Private or Public. It’s also the source of many questions and assignments we work on in assisting our clients. There is little doubt that leveraging technology to help deliver an organization’s performance measurement framework can be very beneficial…. Read more »

2012 Federal Budget Highlights

Posted by & filed under Canadian Economy, Taxation & Planning.

List of a few Budget Highlights Hiring credit for small business Last year’s budget introduced a temporary Hiring Credit for Small Business of up to $1,000 per employer. The 2012 budget proposes to extend this temporary credit for one year. In particular, a credit of up to $1,000 against a small employer’s increase in its… Read more »

2012 Canadian Federal Budget

Posted by & filed under Canadian Economy.

The 2012 Canadian Federal Budget The 2012 Canadian Federal Budget will be presented in the next few weeks.  KPMG is committed to helping you determine how these changes will affect you and your business. Finance Minister Jim Flaherty will deliver the Conservative government’s 2012 federal budget on March 29, 2012. With a majority government in… Read more »

Procurement Fraud, Are You Prepared?

Posted by & filed under Accounting Careers, Accounting Principles, Canadian Economy, Fraud Accounting.

As accountants and financial directors we need to be aware that:Pressures and incentives, opportunity, and rationalization  is a common human element which management must be aware of. Abuse within the procurement cycle (Purchasing Dept.) is common and can be damaging, from the magnitude of potential monetary losses to the reputational damage that can come from a… Read more »

Corporate Responsibility

Posted by & filed under Canadian Economy.

PwC’s dedication To corporate responsibility is demonstrated through the actions the public accounting firm takes at work, in the marketplace and in our community. At PwC, corporate responsibility (CR) is about integrating social, environmental and economic integrity into our values, culture, decision-making and operations in an accountable and transparent manner. Put simply, PwC aspires to be… Read more »

Benefits and Barriers to RESPs (Registered Education Savings Plan )

Posted by & filed under Canadian Economy, Taxation & Planning.

Tapping into opportunities for the students of tomorrow: Benefits of the RESP Under the program, both subscriber and government contributions can grow tax-free until the funds are withdrawn to attend an accredited post-secondary institution. Many employers  recognize a post-secondary education (PSE) as a pre-requisite when hiring. Specialized educational achievements are seen as indicators of a… Read more »

You are in demand !!!!

Posted by & filed under Accounting Careers, Canadian Economy.

  One in three employers around the world is having a hard time finding qualified talent —  including accounting and finance staff — according to a survey by US-based global staffing service ManpowerGroup. Of the employers polled, 90% say available job candidates do not have the necessary skills and experience, have insufficient qualifications or lack… Read more »