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Schools’ out for Lisa Lucchese, who recently completed her CPA Ontario CFE over a three day examination period, but that doesn’t mean the learning stops there, as Lisa reminds us, “It does not mark the end of learning as that is a lifelong process in this career!” After a year long journey with CPA Professional
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The Ted Rogers School of Management at Ryerson was honoured to have alumnus Ed Scheck as keynote speaker for the second TRSM Alumni Association Roundtable. On Saturday January 14th, attendees started the afternoon with a lunch before keynote speaker Ed Scheck took to the podium. Ed delivered his best career advice on how to get
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Hogg, Shain & Scheck (HSS) have always believed that education plays a fundamental role in any successful business career, so in conjunction with the Ted Rogers School of Management, HSS actively encouraged and celebrated students for their entrepreneurial spirit through scholarships and awards. On November 24, 2016, the Ted Rogers School of Business Management, Accounting
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Important Deadlines in 2017: February 28th: T4, T4A, T5 Filing Deadline March 1st: Last day for 2016 RRSP contributions March 31st: T3 Trust Return Filing Deadline May 1st: Personal Tax Filing Deadline May 1st: Payment Deadline for HST and/or personal taxes owing June 15th: Sole Proprietor Tax Return Filing Deadline
Review asset mix of your non-registered portfolio. Interest income is the highest taxed of your investment income. Consider restructuring your portfolio so that interest income is earned in a registered plan (RRSP, RRIF, TFSA) where it is tax sheltered. Are you carrying debt that is not tax deductible? Consider reducing this debt with non-registered assets.
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RRSP Contributions In order to obtain a deduction on your 2016 personal income tax return, you must contribute to your RRSP on or before March 1, 2017. As always, consider contributing earlier so that your money is growing tax free as soon as possible. Spousal Contributions Contributions made to a spousal plan before December 31
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The Canada Revenue Agency (the “CRA”) has recently announced a number of significant changes in relation to the disposition of residences. Section 40(2)(b) of the Income Tax Act provides a possible exemption on the gain when the property is sold. The exemption is applicable when the test in Section 40(2)(b) is satisfied and the property
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AMENDMENT TO THE BUSINESS CORPORATIONS ACT (ONTARIO) 2016 There is a new requirement for every Ontario corporation to prepare and maintain, at its registered office, a register of its ownership interests in land in Ontario. This change is effective December 10, 2016. Currently, Part XI of the Business Corporations Act (the “Act”) requires Ontario corporations
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On November 24, 2016, Hogg, Shain & Scheck (HSS) will be attending the Ted Rogers School of Business Management & School of Accounting & Finance Awards Ceremony to present the HSS Professional Corporation Award to two deserving undergraduate recipients. The Hogg, Shain & Scheck Professional Corporation Award recognizes full-time students whose major is Accounting and
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On Tuesday, October 4, 2016, Hogg Shain & Scheck proudly presented and hosted a harvest-themed Open House to welcome all staff and clients to their new offices. It was a huge success that was filled with laughter, learning, and celebration. Attendees from prominent financial institutions and partner groups such as RBC, BDC, and TD were
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Newton’s Electric Open House From May 13-14, 2016, Newton’s Electric, an electrical and automotive company in Brampton, hosted an open house event for their customers and suppliers. As Newton’s Electric is one of our clients, we wanted to support this special open house event. To show our support, we set up a vendor booth for
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Hogg, Shain & Scheck – Special Edition Dinner Event Featuring David Shribman American politics are at a pivotal point in history. This year’s presidential race features candidates who all have unique platforms and values. No other candidate however, is as eccentric, bold and unfiltered as Donald John Trump. On June 1, Hogg, Shain & Scheck
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