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Hogg, Shain & Scheck COVID-19 Update

March 18, 2020 by

We continue to closely monitor the evolving COVID-19 situation, ensuring the health and safety of our team and clients, who remain our top priorities. As a result of these unprecedented times, effective Monday, March 16, 2020 we made the decision to close our offices.  Our teams will work remotely and are still available. We have full
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Government of Canada’s Economic Response to COVID-19

March 18, 2020 by

On March 18, 2020, the Government of Canada announced several economic measures to assist individuals and businesses during these challenging times. These measures include the following: Temporary income support for workers and parents; Longer-term income support for workers; One-time special payment through the Goods and Service Tax (GST) credit for low and modest income families;
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HSS Ryerson Alumni Participate in the 2020 RUAS Achieve Case Competition

February 20, 2020 by

The Achieve Case Competition by the Ryerson University Accounting Society (RUAS) provided two days full of learning, networking and fun for students. The theme was “How innovation, automation and AI is changing the world and Accounting Profession?”           Hogg, Shain & Scheck Ryerson alumni Kevin Thomas and Wendy Tran attended the
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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
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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
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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
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GST/HST 101 for Charities and Not-for-Profit Organizations

April 1, 2019 by

What is GST/HST? 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. There are special GST/HST provisions for the non-profit sector to exempt certain “public good” or non-commercial-like activities in an attempt to minimize the compliance burden for
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Accounting & Auditing Standards Update for Charities & Not-for-Profit Organizations

March 25, 2019 by

3 new & revised accounting & auditing standards for charities & not-for-profit organizations 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 charities & not-for-profit organizations  The roof of an owned building HVAC
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CPA Canada Federal Budget Commentary 2019

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
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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
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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 automobile 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 automobile allowance paid by employers to employees who use
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