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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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A fundamental principle of Canada’s tax legislation is that an expenditure should only be deductible if it was incurred for the purposes of gaining or producing income. It holds then that expenditures that are personal in nature can’t be claimed against one’s income. While that sounds simple and straightforward in theory, real life has a
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Created in 1998, Ryerson’s Ted Rogers School of Management (TRSM) Alumni Achievement award recognizes the alumni work during an annual ceremony. At this event, recipients are honoured with a video bio and will have a plaque with a photo and bio mounted on the Alumni Hall of Fame on campus. Last year, Original Partner Ed
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The Dora Mavor Moore Awards took place on Monday June, 25th at the Winter Garden Theatre, celebrating excellence in Toronto’s Performing Arts. Hosted by actor Astrid Van Wieren, it awarded many excellent nominees, including some of our clients. The Dora Mavor Moore Awards honour creators from over 200 theatre, dance and opera productions in 48
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On June 21, 2018, Ryerson hosted its second annual G. Raymond Chang Outstanding Volunteer Awards Ceremony. The G. Raymond Chang Outstanding Volunteer Award is designed to recognize exceptional community members who are devoted to supporting Ryerson in strengthening its faculty, staff and students. The awards are named in honour of G. Raymond Chang, the late
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Hogg, Shain & Scheck is once again sponsoring the Dora Mavor Moore Awards. The nominees for 2018 were presented at a press conference at the Sony Centre on May 31st and we were proud to see so many of our clients there receive nominations. We wish to thank the Sony Centre for hosting this conference
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It’s common for employees to suffer from the “Silo Syndrome”. This means that their only frame of reference relates to the responsibility in their department with little regard to how their actions might impact other areas of the business. Consider this example: sales representatives tend to focus on the value of invoices generated through their
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The 50th annual Ontario Prayer Breakfast, which took place February 21, 2018 at the Sheraton Centre Toronto Hotel, was nothing short of a great success. Politicians, performers, and guests gathered together to support our Members of Provincial Parliament and City Councillors in prayer. Scriptures were read by Kathleen Wynne from the Liberal Party and representatives
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