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Term Loans: Is a Term Loan Right for Your Business?

Posted in Advice For You
November 22, 2016 by

Are you looking for cash funding to grow or maintain your business? When business owners think about financing from a bank, they’re usually thinking about procuring a “short term loan.” A term loan offers a business owner a cash payment that is to be paid back in installments over a specified period of time. For the duration
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Newton’s Electric Open House

Posted in Advice For YouHSS Blog
September 8, 2016 by

Newton’s Electric Open House From May 13-14, 2016, Newton’s Electric, an electrical and automotive company in Brampton, hosted an open house event for their customers and suppliers. As Newton’s Electric is one of our clients, we wanted to support this special open house event. To show our support, we set up a vendor booth for
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Welcome to the team!

Posted in Advice For YouHSS Blog
December 7, 2015 by

We’re pleased to announce that our team is growing. We’d like to welcome our new hires Ron Batas, Nabiha Hossain and Michael Mueller to the Hogg, Shain & Scheck team! Ron has recently graduated from Schulich with his MBA after becoming a Chartered Professional Accountant in 2007. He has worked primarily in the assurance area,
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Planning a Successful Sales Meeting

Posted in Advice For You
November 27, 2015 by

Plan your meeting by setting the rules and desired outcome Start on time and finish on time Identify the meetings main purpose and plan your agenda accordingly Always start with a review of the big wins or success stories – this puts everyone in positive frame of mind Most sales meeting main purpose and plan
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Withholding Tax On U.S. Dividends

Posted in Advice For You
July 7, 2015 by

U.S. (and other foreign) dividends do not qualify for the Canadian dividend tax credit.  Therefore, these foreign dividends are taxed at your marginal tax rate, similar to interest income. In order to avoid double taxation, you can claim the 15% U.S. tax withheld as a foreign tax credit.  If more than 15% U.S. tax was
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Canadian Federal Budget Commentary 2015

April 22, 2015 by

Federal Budget Commentary – April 21, 2015 In order to offer targeted tax reductions for small businesses, seniors, and families with children; to increase spending for the military, public and national security, public transit, and for the Canada Revenue Agency (CRA) to address tax avoidance and evasion; and to eke out a $1.4 billion surplus
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Preparing A Business Plan

Posted in Advice For YouHSS Blog
April 16, 2015 by

Preparing a business plan can often feel like an intimidating task but it is crucial for anyone who wants to operate their own business. The accounting experts at Hogg, Shain & Scheck have put together a checklist of the most important things that belong in every business plan. This comprehensive list covers all aspects of
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The Death of a Tax Payer

Posted in Advice For YouHSS Blog
February 25, 2015 by

Mark Twain once said ‘A man who lives fully is prepared to die at any time.’ He speaks the truth, especially when it comes to the preparation for the death of a taxpayer. The following are key tips to reduce stress in an already emotionally tiresome situation. The Key: A Will A Will is a
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Tax Preparation Checklist

February 20, 2015 by

It’s that time of year again when you have to account for how you did in the previous year to tax authorities. It’s not the most interesting time of the year for most. Preparing ahead of time will help reduce last minute stress. Here are some tips on how to best prepare:   1. Gather
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