Canada Not-for-Profit Corporations Act
May 16, 2013 by Vivian Bright
The Canada Not-for-Profit Corporations Act ("Canada NFP Act") became effective October 17, 2011 and was developed to promote accountability, transparency and good corporate governance for the not-for-profit sector. This was considered a necessary modification, as not-for-profit (NFP) corporations incorporated under federal legislation have been abiding by an act which is approximately 95 years old. The
Our First "Managing for Growth 2013" Seminar Was a Huge Success
May 3, 2013 by hss-ca
The first in the Hogg, Shain and Sheck three-part "Managing for Growth 2013" seminar series took place on March 6th at the Delta Toronto East Hotel and drew a great crowd of participants. The seminar was called "Global Trends 2025: The Changing World Order" and was led by Dr. Carlos Rizowy, political analyst for BBC
How to Improve Your Profit
April 8, 2013 by hss-ca
We pride ourselves on offering more than the typical accounting firm. That's why we're taking another step beyond tax services and offering a new service called Profit Driver. Profit Driver is a financial software program that allows us to perform various financial scenarios and reports to drive your profits upwards. Benefits of Our Profit Driver
We Congratulate MSI Global Alliance on Winning Association of the Year
March 20, 2013 by Ed Scheck
Our firm has been a proud member of MSI Global Alliance since 1992, and we're excited to announce they were recently named Association of the Year. They were honoured by The International Accounting Bulletin 2013 IAB awards, which recognizes innovative practices and firms that have risen above their peers in the past 12 months. We
How to Find the Best Accountant
Finding a reliable and capable accountant is invaluable. Finding a good one isn't a matter of finding the best one; it's finding the best one for your needs. A good accountant should be able to provide options and/or tax savings that will, in turn, cover a portion of their fees. For example your sales may
Tips on Running a Smooth, Panic-free Meeting
March 8, 2013 by Ed Scheck
By Heather Intihar, CA and Ed Scheck, FCA Running a successful meeting will stress out the most seasoned of presenters. There's always concerns about technical snafus or losing your audience. The keys to running a meaningful and engaging meeting are good preparation, a strong presentation and lots of participation. Here's how to make sure you're
Canada's Changes to the Scientific Research and Experimental Development Program
March 6, 2013 by hss-ca
Canada's 2012 federal budget contained a number of changes to the Scientific Research and Experimental Development program (SR&ED). The majority of changes resulting from these measures are cuts in expenditure eligibility for all companies claiming SR&ED. Additional expenditure cuts apply to public and foreign- owned corporations. What is the Impact Budget 2012 Changes to SR&ED:
Doing Business in Canada: A Non-Resident's Guide
If you're looking to expand you're business north, you will be pleased to hear that doing business in Canada is relatively simple. Some of the benefits of doing business in Canada include: Relatively few import restrictions No restrictions on repatriation of earnings and capital No foreign exchange controls. Also, there are no special rules imposed
Canada Says Goodbye to the Penny. What Does it Mean?
February 22, 2013 by Kevin Leung
No more pennies for your thoughts. Your thoughts will either have to be free or rounded up to a nickel. As of February 4th, the Royal Canadian Mint ceased production and distribution of the penny. Why Get Rid of The Canadian Penny? This has actually been the subject of debate for decades. Experts have been
Test Your Business' Financial Management
February 11, 2013 by Ed Scheck
When it comes to managing your company's finances, it's okay to be your own toughest critic. It's good to evaluate and re-evaluate yourself and how your company is performing. Start by answering the following 25 questions with Yes, No, or Not Applicable. This is far from an exhaustive list, but it should get you thinking
The Impact of The US' Fiscal Cliff on Canada
February 4, 2013 by Ed Scheck
In the face of sending the United States over the much-publicized "fiscal cliff," the US Senate hammered out a tentative deal before midnight on New Year's Eve. What are these changes and how will they impact Canadian businesses in the U.S. or vice versa? Below are a few notable areas where you will see changes.
Foreign Currency Risk Management
November 30, 2012 by Ed Scheck
Once your business has committed to conducting a foreign currency transaction, you are exposed to exchange risk. There is a potential gain or loss that may occur as a result of currency rate fluctuations. For entrepreneurs who are involved in international trade, currency volatility has always been a concern. One example is the strengthening of