Reducing tax complexity a key to economic recovery: CICA

Posted by & filed under Accounting Careers, Taxation & Planning.

Reducing tax complexity a key to economic recovery The Canadian Institute of Chartered Accountants (CICA) today (Oct. 23, 2012) in Ottawa outlined what it views as priorities for the next federal budget if the country is to experience economic growth, job creation and enhanced competitiveness. Gabe Hayos, the CICA’s vice-president of taxation, told the House… Read more »

Canada’s CEO Elite 100: The 0.01%

Posted by & filed under Corporate Social Responsibility, Taxation & Planning.

Occupy Montreal: Victoria Square, Montreal,Quebec if you’re looking for Canada’s richest 1%, the compensation tables in the proxy circulars of Canadian publicly listed corporations are a good place to start.  Canada’s Richest If you’ve made it into Canada’s richest 1% club, you’re among the 246,000 pres­tigious few tax filers who made a minimum of $169,300… 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 »

How do Accountants Add Value to a Small Medium Enterprise

Posted by & filed under Accounting Careers, Corporate Restructuring, Financial Accounting, Taxation & Planning.

To Some! CAs are dull and colourless, but to SMEs (Small Medium Enterprises), they are trusted advisers, valuable sources of information and providers of many services  Not True! Bland, boring and colourless are just a few of the common stereotypes that spring to mind when describing an accountant. But these are just urban myths. In… Read more »

The Need for Tax Simplification – A Challenge and an Opportunity

Posted by & filed under Accounting Careers, Taxation & Planning.

Foreword: According to Benjamin Franklin, taxation was an absolute certainty in this world. Taxation continues to be an inescapable fact of life in our modern global world. For CGA-Canada and our members – business and accounting leaders across the country – taxation has always been a key area of interest and concern. On an international… 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 »

The advantages of staying small:For small businesses with minimal profit, incorporation is not worthwhile!

Posted by & filed under Accounting Careers, Corporate Restructuring, Taxation & Planning.

Beginning of Story Content When small business owners ask Diana Dolack whether they should incorporate, she often advises against it. “There’s not too many I advise to incorporate,” says Dolack, an H&R Block franchise owner in Biggar, Sask. “For farmers, especially, the rules are more beneficial to not being incorporated.” The formula for Dolack is… Read more »