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What are the tax implications of gifting cash to adult children while you are still alive? This is a common question from those undergoing tax and estate planning. There is a misconception that there is a tax on such a transfer. This is most likely a result of specific gift tax rules in the U.S.
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On November 20, 2018, Hogg, Shain & Scheck hosted a Ping Pong Night to welcome new team members: Jan, Joseph, Joy, Judy, Shaista, and Steven. The event took place at Whiff Waff in Richmond Hill, a sports bar and Asian-fusion restaurant with ping pong tables and pool tables. The team enjoyed a night of mingling
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On November 9th, 2018, the Hogg, Shain & Scheck CPAs team hosted its first ever Shoebox Packing Party in support of Operation Christmas Child, a global initiative hosted by the Samaritan’s Purse. By filling shoeboxes with toys, hygiene items, and school supplies, we were able to participate in touching the lives of children suffering as
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On October 19th, Hogg, Shain and Scheck, attended the 2018 Canadian Disability Hall of Fame induction ceremony. Congratulations to this year’s inductees: James Kyte, retired National Hockey League defenceman, first legally deaf NHL player; Alvin Law, motivational speaker, thalidomide survivor born without arms; and the Rt. Hon. Brian Mulroney, former Canada’s Prime Minister dedicated to
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TEC Canada released the results of a confidence survey of small-to-medium enterprises with employees between 50 and 500 and annual revenue over $1 million The survey included questions on the taxation of small business and on NAFTA uncertainty. For the results of the survey you can download the full report here: TEC Canada CEO Confidence
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Hogg, Shain and Scheck is supporting the 25th annual Church & Charity Law Seminar hosted by Carters Professional Corporation. Carters is an experienced law firm specializing in advising churches, charities and not-for-profit organizations both in Canada and internationally. We will be joining the seminar on Thursday, November 8th at the PORTICO Community Church for a
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Hogg, Shain & Scheck (HSS) attended Nonprofit Driven 2018 on October 10 – 11th at the Metro Toronto Convention Centre. In its fifth year, the event brought numerous not-for-profit industry professionals together under one roof. Over 500 attendees, more than any other year before, gathered to connect, learn and drive a change. The conference was
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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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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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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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Have you booked your ticket to the upcoming Seminar hosted by Hogg, Shain & Scheck. Join other charities and not-for-profit organizations at this October program. See below for details. Session 1: Accounting & Auditing Standards Update – There’s a new audit report in Canada. Find out how this change and other standards changes will impact
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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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