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The Canada Not-for-Profit Corporations Act (“Canada NFP Act”) became effective October 17, 2011 and was developed to promote accountability, transparency and good corporate governance for the not-for-profit sector. This was considered a necessary modification, as not-for-profit (NFP) corporations incorporated under federal legislation have been abiding by an act which is approximately 95 years old. The
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Our firm has been a proud member of MSI Global Alliance since 1992, and we’re excited to announce they were recently named Association of the Year. They were honoured by The International Accounting Bulletin 2013 IAB awards, which recognizes innovative practices and firms that have risen above their peers in the past 12 months. We
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Finding a reliable and capable accountant is invaluable. Finding a good one isn’t a matter of finding the best one; it’s finding the best one for your needs. A good accountant should be able to provide options and/or tax savings that will, in turn, cover a portion of their fees. For example your sales may
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Canada’s 2012 federal budget contained a number of changes to the Scientific Research and Experimental Development program (SR&ED). The majority of changes resulting from these measures are cuts in expenditure eligibility for all companies claiming SR&ED. Additional expenditure cuts apply to public and foreign- owned corporations. What is the Impact Budget 2012 Changes to SR&ED:
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If you’re looking to expand you’re business north, you will be pleased to hear that doing business in Canada is relatively simple. Some of the benefits of doing business in Canada include: Relatively few import restrictions No restrictions on repatriation of earnings and capital No foreign exchange controls. Also, there are no special rules imposed
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No more pennies for your thoughts. Your thoughts will either have to be free or rounded up to a nickel. As of February 4th, the Royal Canadian Mint ceased production and distribution of the penny. Why Get Rid of The Canadian Penny? This has actually been the subject of debate for decades. Experts have been
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When it comes to managing your company’s finances, it’s okay to be your own toughest critic. It’s good to evaluate and re-evaluate yourself and how your company is performing. Start by answering the following 25 questions with Yes, No, or Not Applicable. This is far from an exhaustive list, but it should get you thinking
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Congratulations on the successful implementation of an information system and establishment of an initial reporting structure. You can now receive financial information from your controller, sales forecast/results from your sales manager and productivity reports from your production manager not to mention dealing with customers and personnel issues. What can you do with the vast amount
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