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Filing Deadline

  CRA Alert If you or your spouse or common-law partner is self-employed, the deadline to file your 2013 income tax and benefit return is midnight on June 16, 2014. If you have any questions please contact Richard Rizzo, Tax Principal at (905) 633-6332 or Kelly Ross, Tax Manager at (905) 633-6335.

“It’s Different This Time”

“It’s different this time.” That was how Peter Hall, Vice-President and Chief Economist for Export Development Canada introduced his presentation at a recent Burlington Economic Development Corporation breakfast.     The promise of ‘different’ got everyone’s attention.  Hall believes that things are finally on the way up with a revival of confidence pointing to a … Continued

Is Your Business Sellable?

A recent case study on Toronto’s Elixir Organic Spa reveals the challenges of finding buyers in an unpredictable economy.

Drive the Value of Your Business

Given the current economic climate, where we are seeing increased M&A activity within our client base, it is important for business owners to start to think about and focus on activities that they can undertake to enhance the value of their business.

Employer Source Deductions

Good news! Did you know the federal budget is proposing to change the remittance threshold levels in employer source deductions? The proposal is to apply for remittances after 2014. The threshold for remitting two times per month is to increase from $15,000 to $25,000 and remitting four times per month to increase from $50,000 to $100,000. … Continued

New Tax Relief Measures

It’s a new year with lots to think about.
New tax relief measures shouldn’t be one of them.

RRSP Contributions Deadline is Approaching

RRSP contributions deadline is approaching for your 2013 tax returns. RRSPs are beneficial for individuals and for owners of unincorporated businesses as it will lower your overall tax rate. To determine the amount you may contribute this year, refer to your last notice of assessment or please contact Richard Rizzo at (905) 633-6332 or email … Continued

Employer Health Tax for Employers Changes as of January 1, 2014

Guide for Employers Employers have to pay Employer Health Tax (EHT) on the total Ontario remuneration paid to employees and former employees who:  report for work at a permanent establishment of the employer in Ontario do not report for work at any permanent establishment of the employer, but are paid from the employer’s permanent establishment … Continued

Be Careful When it Comes to Your Online Content

When you leave in the morning, you always lock your front door. We lock our cars and we secure our businesses. Our hard assets are physically secure and we have property insurance in case a break and enter occurs. This is standard practice and gives us peace of mind, but what about your online content? … Continued

Reducing Costs in the Finance Department Through Technology

I recently read an interesting report by Erik Dorr and Martijn Geerling about Taking Finance Transformation to the Next Level, and thought I would share some of their insights. All companies strive to be cost-effective in their operations. Most focus on centralized processing to minimize costs in these operations including many finance functions such as … Continued