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  • The Evolution of Etiquette: The Origins of Etiquette, Here and Abroad

    October 28, 2013 by

    The History of Etiquette The French word étiquette (or estiquette) was first introduced in the 1700s to mean a ticket. During the rule of King Louis XIV, signs were posted throughout the royal gardens in order to prevent visitors from walking over the intricately preened lawn. Subsequently, the meaning of the word evolved to signify
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  • What Is the Difference Between Not-For-Profit Organizations and Charities

    October 8, 2013 by

    Although a Not-for-Profit organization (NPO) may be thought to be the same as a charitable organization there are significant differences. What is a Not-For-Profit Organization? A NPO can either be incorporated or not incorporated. A NPO is a club, society, or association that is not a charity. It is organized and operated solely for: ■
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  • When Can I Destroy My Tax Records?

    September 1, 2013 by

    There’s no way around it, a business’ tax records can take up an enormous amount of room. Also, you may want to destroy your old records for security or other purposes. The Canada Revenue Agency has strict guidelines when it comes to keeping and destroying tax records. Their guidelines state: “You must keep all of
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  • What is Included in Canada’s Taxpayer Bill of Rights?

    August 31, 2013 by

    Taxpayers in Toronto and the rest of Canada have rights. But what exactly does that include? The Taxpayer Bill of Rights is a set of 16 rights that you have in your relationship with the Canada Revenue Agency.     Canadian Taxpayer Rights As a Canadian taxpayer, you have the right to: • Receive entitlements
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  • Can I Scan Tax Documents Like Gas Receipts?

    August 31, 2013 by

    If you do a lot of traveling, or commute into Toronto for work, you’re going to accumulate a lot of gas receipts for tax purposes. Anyone who has had to keep gas receipts knows how quickly they can fade. So, many of our tax accounting clients ask us if it’s acceptable to scan their records
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  • How Are Offshore Accounts Viewed by the Canada Revenue Agency?

    August 29, 2013 by

    The term offshore account has such a seedy name in film and TV these days. You say the term and people associate it with tax evasion, shady accounting, money laundering or worse. The fact remains that an offshore account can be a vital part of your business, and is perfectly acceptable, as long as you
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  • What Are the CRA’s Requirements for Electronic Records?

    August 29, 2013 by

    In an increasingly paperless world we live, many of the people who come to us for tax accounting in Toronto want to know what types of electronic records are acceptable for the Canada Revenue Agency. The Canada Revenue Agency does allow electronic records, as long as they meet the same standards and criteria as paper
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  • What are the Benefits of Being or Hiring an Apprentice?

    August 27, 2013 by

    Many young students and potential employees are looking to enter the workforce. Some businesses are looking to grow or are expecting seasonal growth during this time of year and there are great opportunities not just for those looking to get hired but for those doing the hiring too—particularly when it comes to apprentices. Grants and
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  • Charity Donations in Canada & Taxes: How Much Can I Get Back?

    August 25, 2013 by

    Our Toronto-based tax accounting clients often ask us, “How much money do you get back for charitable donations?” That, of course, depends on a lot of factors. However, Canada Revenue Agency (CRA) is making it easy for you to calculate exactly how much you can receive in tax credits for your charitable donations. Their website
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