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Purchasing a home from a non-resident. Beware!

October 13, 2018 by

A recent decision by the Tax Court of Canada highlights the danger of Section 116 of the Income Tax Act (“ITA”). In the case of Kau v. the Queen, Mr. Kau purchased a condo in Toronto from Mr. Y for $368,000. Mr. Y it turns out was a non-resident for Canadian tax purposes (he had
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HSS is supporting Gather: Rise 2018

October 10, 2018 by

This year, Hogg, Shain & Scheck is supporting Gather Women’s 3rd annual National Gathering, Gather: Rise 2018.  Gather Women is a Canadian movement that supports and empowers all women to be the influencers in this world and to live with the love for God. The association exists to connect Canadian Christian women, to engage its
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Game for Golf

October 3, 2018 by

At Hogg, Shain and Scheck we value the impact of the not-for-profit sector on society. This year, we joined KC’s Cancer Cushion Fund and the Ontario Produce Marketing Association for a great season of golf! KC’s Cancer Cushion Fund started with one strong, golden-hearted woman, Kate Coen, fighting breast cancer, and grew to become a
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Proudly Supporting Nonprofit Driven 2018 – a key conference for not-for-profit organizations in Ontario

September 27, 2018 by

Hogg, Shain & Scheck (HSS) is a proud supporter of Nonprofit Driven 2018, an event that brings hundreds of not-for-profit industry leaders and enthusiasts together. Organized by Ontario Nonprofit Network, Nonprofit Driven is a place to exchange valuable knowledge, discuss important changes in the sector and promote a thriving community. The two-day conference is filled
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Business Use of a Vehicle in Canada

September 8, 2018 by

A fundamental principle of Canada’s tax legislation is that an expenditure should only be deductible if it was incurred for the purposes of gaining or producing income. It holds then that expenditures that are personal in nature can’t be claimed against one’s income. While that sounds simple and straightforward in theory, real life has a
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TEC Canada’s latest survey indicates hopeful viewpoints surrounding Canada’s future business conditions among TEC Canada’s business community

July 30, 2018 by

The Executive Committee (TEC) Canada has released the second TEC Canada CEO Confidence survey, giving valuable insight into today’s business conditions and tomorrow’s business outlook, as seen by TEC Canada’s business community. The survey consists of 243 responses and reflects small to medium business assessment. Economist Dr. Peter Andersen, who analysed the survey, points out
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Managing for Growth Series: Increasing Shareholder Value Through Focused Accountability

June 28, 2018 by

On June 21st, we were joined by professionals and business owners at the latest Managing for Growth seminar: Increasing Shareholder Value Through Focused Accountability. That morning Neville Joffe, the creator of the AME Learning System, taught us about an innovative and instructional approach that helps accelerate the teaching and learning of foundational finance and accounting
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HSS team attends House Guests by CORPUS

March 1, 2018 by

Last fall, the Hogg, Shain & Scheck team attended a play by CORPUS, one of the firms NPO clients. House Guests is an adventurous creation, hosted in the artistic director’s own home. The interactive performance took the team through David Danzon’s home, only to reveal ghosts, childhood games, fairy tales, dreams and much more mysterious
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CPA Canada Federal Budget Commentary 2018

February 28, 2018 by

The Federal Government’s 2018 Budget touts Canada’s strong economic growth over the past two years, including real GDP growth of 3.2 per cent since the second quarter of 2016, an unemployment rate of 5.9 per cent, and significant improvements in average weekly earnings, consumer confidence, and household consumption. Add to first paragraph​, after 1st sentence:
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