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On December 7, 2015 the Federal government announced numerous personal and corporate tax changes which become effective January 1, 2016. They include: The Federal personal tax rate for taxable income between $45,282 and $90,563 will be reduced from 22% to 20.5%; The top Federal personal tax rate of 29% will apply to taxable income
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Restricted Input Tax Credits The recaptured input tax credit (RITC) rules were introduced with the Ontario and British Columbia Harmonized Sales Tax (HST) on July 1, 2010. Canada Revenue Agency (CRA) has started to audit businesses’ compliance with these rules. As noted in a previous memorandum, large business and certain financial institutions are required to
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Litigation is a complex and nerve-wracking experience, and unless you have expert guidance on your side, your case can be under-researched and underrepresented. The result: financial loss and potential legal implications that can have a significant impact on your life now and in the future. Your accountant can provide critical support throughout the litigation process
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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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Presented by Brian Beaulieu – CEO Institute of Trend Research (ITR) October 27, 2015 Executive Summary Canadian economic indicators show a very mild recession to March 2016, followed by growth of 2.6 % for the balance of 2016 and continuing in 2017 and 2018. Global leading indicators also show nominal growth to March 2016. Crude
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Your ideas, your unique products and service models will set you apart as an entrepreneur. One great idea can transform an industry, and it can set you up for an exceptionally prosperous future. However, if you do not take the proper precautions, you may sacrifice your earning potential and miss out on a career that
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The current commercial real estate market in Ontario is seeing a number of commercial properties available for rent. When there are more rental spaces than there are renters, a landlord will typically attract tenants by offering leasehold inducements. While leasehold inducements can be beneficial for both tenant and landlord, the tenant often stands to reap
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A phantom stock option is a bonus tax treatment plan where the amount of the bonus is determined by reference to the increase in value of the shares subject to the option. Shares are not actually issued or transferred to the option- holder when an option is exercised, but rather the right to receive an award based
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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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Chris Munn, a partner at Hogg, Shain & Scheck, was elected as the President of the Uxbridge Cottage Hospital Foundation and representative for the Foundation on the Markham Stouffville Hospital Board of Directors on June 10 at their annual general meeting. This foundation was founded in 1990 to provide supplementary revenue to the Markham Stouffville Hospital
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Most businesses we serve at HSS are entrepreneurial, all want to grow, and all have processes in their organization. However, you cannot grow and achieve vision by just looking at products and services- you need to consider process, too. But how do we go about this? Customers want us to be fast, but they do
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At the beginning of June we were fortunate to have CEO John Wilson of CEO Global Networks join us for our Managing for Growth Seminar. John has coached hundreds of high-profile CEOs and entrepreneurs. He believes Great CEOs are not born- they are made. There are 7 “big factors” that determine whether or not they
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