Survey says A recent study by CPA Canada revealed that one in three Canadians are concerned about the impact of COVID-19 on their personal finances, with 21% revealing they plan to retire later due to the pandemic. A separate survey by Ryerson University and the National Institute for Aging (NIA) discovered that 91% of Canadians […]
Read MoreIn order “to improve the collection of beneficial ownership information with respect to trusts and to help the Canada Revenue Agency (the “CRA”) assess the tax liability for trusts and its beneficiaries” the CRA has come out with Draft legislation for new reporting rules for Trusts. The new rules are effective for year ends on […]
Read MoreCOVID-19 has influenced all businesses, changing the very landscape of how we interact on a professional and personal level. In many cases, small businesses have borne the brunt of these changes. The Canadian Federation of Independent Business estimates that a total of $117 billion of new debt has been loaded onto small businesses as a […]
Read MoreWhen you are running a restaurant, it can be easy to focus on the food and hospitality and brush off accounting as a secondary task. Like any business, however, you are looking to gain and maintain a profit, and good accounting systems are crucial in order ensure your success. Here are our tips to help […]
Read MoreWhether in theatre, music, television or film, surrounding yourself with a good administrative team is vital, and one of the many key roles is that of production accountant. As the one who coordinates your budgets, grants, financing, team pay and all contingencies, your production accountant is central to your projects’ success and profitability. Although finding […]
Read MoreThe Internet Age has revolutionized every industry and accounting is no exception. Introducing, cloud accounting; a faster and more efficient method of tracking your business’ expenses and financial reporting. Cloud accounting is the process of migrating financial accounting systems into a cloud-based platform, away from a server. In terms of the accessibility and benefits to […]
Read MoreIFRS 16 is a new leasing standard which will be replacing the old leasing standard, IAS 17. This new standard is effective for annual reporting periods beginning on or after January 1, 2019. Under the old standard, IAS 17 the substance of the lease agreement determined whether the lease was an operating lease or a […]
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