Blog

We can help with your accounting needs.
How Can We Help You?

  • This field is for validation purposes and should be left unchanged.

  • Supporting Canadian Screenwriters

    May 13, 2019 by

    Hogg, Shain & Scheck are proud supporters of the Writers Guild of Canada (WGC) Screenwriting Awards. Being a gold sponsor, we are always excited to recognize Canada’s talent and emerging local artists. In the 23rd year, 2019 WGC Screenwriting Awards were held on April 29th, at the TELUS Centre for Performance and Learning’s Koerner Hall
    Read More


  • HSS Joined the Annual Ontario Prayer Breakfast

    May 7, 2019 by

    Hogg, Shain and Scheck attended the annual Ontario Prayer Breakfast on Monday, April 15th at the Sheraton Centre Toronto Hotel. Over 800 people gathered together to support our Members of Provincial Parliament (MPPs) and City Councillors in prayer. The Christian community has been coming together for an annual breakfast since 1969 – an event that
    Read More


  • Operating in a #MeToo Context – Charities and Not-for-Profit Organizations

    April 10, 2019 by

    Summary Why this sector is particularly vulnerable What the law says The role of the Board The role of management Anti-harassment policy and program Addressing complaints Training Beyond sexual harassment: Harassment includes: Sexual Bullying (though has no legal grounds) Verbal abuse Discrimination Up to the person who alleges harassment to say whether it is harassment
    Read More


  • GST/HST 101 for Charities and Not-for-Profit Organizations

    April 1, 2019 by

    GST/HST is: A type of value-added tax In theory, should apply to all consumption irrespective of whether the supplier is in the for-profit or non-profit sector Special GST/HST provisions for non-profit sector to exempt certain “public good” or non-commercial-like activities Attempt to minimize the compliance burden for the sector Supplies by charities = exempt unless
    Read More


  • Accounting & Auditing Standards Update for Not-for-Profit Organizations

    March 25, 2019 by

    New & revised accounting standards Fiscal years beginning on or after January 1, 2019 Early adoption permitted 2017 annual improvements to existing ASNFPOs             Section 4433 & 4434: Tangible & intangible capital assets held by NPOs Standard requires you to follow ASPE unless specific standards exist in ASNFPO (common practice)
    Read More


  • CPA Canada Federal Budget Commentary | Tax Accounting Hogg Shain and Scheck

    March 20, 2019 by

    March 19, 2019 CPA Canada  Federal Budget Commentary Finance Minister Bill Morneau’s message with Budget 2019 is that, thanks to the Federal Government’s investments over the past three years, things are going well — especially for the middle class: more Canadians have full-time jobs, unemployment is at historic lows, wages are growing, consumers and businesses
    Read More


  • Association of Christian Schools, ACSI Ontario Board/Administrators’ Conference

    February 25, 2019 by

    On Saturday, Feb 2nd,  HSS exhibited and attended the Ontario Board/Administrators’ Conference at the Peoples Christian Academy in Ontario.  The conference provided an opportunity to learn from school senior managers and expand our knowledge on specific challenges of Christian schools. As many of our clients fundraise, the seminar on “Fundraising That Does Much More than
    Read More


  • Creative Community Gathering

    February 25, 2019 by

    We were pleased to attend the “Creative Community Gathering” at the Young Centre for the Performing Arts to celebrate a new year with Soulpepper Theatre Company.   The evening was quick to fill up and start buzzing. With interactive live entertainment everyone felt the energy.  With expression rooms and photo booths, everyone felt involved in
    Read More


  • CPA Not-for-Profit Forum 2019 is Around the Corner

    February 4, 2019 by

    CPA Canada is hosting the the Not-for-Profit Forum 2019, on February 6-7th.  One of the leading events for Not-for-Profit professionals in Canada, the forum is designed to drive the sector forward and help Not-for-Profit organizations adopt to the changing environment. Experienced industry professionals will raise current NPO sector issues and share their valuable advice and strategies.
    Read More


  • 2019 Automobile Deduction Limits and Expense Benefit Rates for Business

    January 23, 2019 by

    On December 27, 2018, the Department of Finance Canada announced the income tax deduction limits and expense benefit rates that will apply in 2019 when using an automobile for business purposes. The following two changes are effective January 1, 2019; Mileage Reimbursement Rate in Canada for 2019 The tax-exempt allowance paid by employers to employees
    Read More


  • 2019 Canada Pension Plan Contribution Rates

    January 23, 2019 by

    Canada Pension Contribution Rates The CPP contribution rates and maximums for 2019 are as follows: Maximum Pensionable Earnings: $ 57,400.00 Annual Basic Exemption: $ 3,500.00 Maximum Contributory Earnings: $ 53,900.00 Contribution Rate:  5.10 % (Employee and Employer) Maximum Employee Contribution: $ 2,748.90 Maximum Employer Contribution: $ 2,748.90 The Canada Revenue Agency (“CRA”) will gradually increase the contribution rates to 5.95%. The
    Read More


  • Living on the Fringe

    January 18, 2019 by

    On January 14th, 2019, Hogg, Shain and Scheck attended Foreign Tongue, a Next Stage Theatre Festival performance presented by The Toronto Fringe, at The Factory Theatre. Both The Toronto Fringe Festival and The Factory Theatre are Not-for-Profit clients of the firm. Foreign Tongue is a new musical by a Toronto-based, Yugoslavia-born writer, Lola Xenos, that
    Read More