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  • Tax treatment and phantom stock plans

    Phantom Stock Options – Accounting & Tax Treatment

    July 20, 2015 by

    A phantom stock option is a bonus tax treatment plan where the amount of the bonus is determined by reference to the increase in value of the shares subject to the option. Shares are not actually issued or transferred to the option- holder when an option is exercised, but rather the right to receive an award based
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  • Withholding tax on US dividends

    Withholding Tax On U.S. Dividends

    July 7, 2015 by

    U.S. (and other foreign) dividends do not qualify for the Canadian dividend tax credit.  Therefore, these foreign dividends are taxed at your marginal tax rate, similar to interest income. In order to avoid double taxation, you can claim the 15% U.S. tax withheld as a foreign tax credit.  If more than 15% U.S. tax was
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  • Chris Munn, CPA, CA, BBA - Partner at Hogg, Shain & Scheck

    Chris Munn appointed president of the Uxbridge Cottage Hospital Foundation

    July 4, 2015 by

    Chris Munn, a partner at Hogg, Shain & Scheck, was elected as the President of the Uxbridge Cottage Hospital Foundation and representative for the Foundation on the Markham Stouffville Hospital Board of Directors on June 10 at their annual general meeting. This foundation was founded in 1990 to provide supplementary revenue to the Markham Stouffville Hospital
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  • Hogg, Shain & Scheck Managing for Growth – The Productivity Paradox: See it…Solve it! with Phil Kirby

    Phil Kirby- Presentation Highlights

    July 2, 2015 by

    Most businesses we serve at HSS are entrepreneurial, all want to grow, and all have processes in their organization. However, you cannot grow and achieve vision by just looking at products and services- you need to consider process, too. But how do we go about this? Customers want us to be fast, but they do
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  • John Wilson – What makes a Great CEO?

    A brief word from John Wilson – What makes a Great CEO?

    June 30, 2015 by

    At the beginning of June we were fortunate to have CEO John Wilson of CEO Global Networks join us for our Managing for Growth Seminar. John has coached hundreds of high-profile CEOs and entrepreneurs. He believes Great CEOs are not born- they are made. There are 7 “big factors” that determine whether or not they
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  • Learning to Be Flexible in an Accounting Position - Hogg, Shain & Scheck

    Learning to be flexible

    May 26, 2015 by

    I started working at Hogg, Shain & Scheck at the beginning of September 2014. The first few weeks were relatively straightforward. The firm made it pertinent that I developed the technical aspects of using the different types of software. The HSS team wanted me to understand that real world scenarios were not covered in much
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  • HSS Wins Auditors of the Year at M&A Awards

    Hogg, Shain & Scheck wins Auditors of The Year

    April 30, 2015 by

    Hogg, Shain & Scheck Awarded with Outstanding Accounting Firm – Canada As 2015’s tax season comes to an end, accounting firm Hogg, Shain & Scheck Professional Corporation has been selected as “Outstanding Accounting Firm – Canada” by Corporate LiveWire for their 2015 M&A Awards(Mergers and Acquisitions). Aside from satisfied clients sending in thank you notes
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  • 2016 Canadian Federal Budget Commentary

    Canadian Federal Budget Commentary 2015

    April 22, 2015 by

    Federal Budget Commentary – April 21, 2015 In order to offer targeted tax reductions for small businesses, seniors, and families with children; to increase spending for the military, public and national security, public transit, and for the Canada Revenue Agency (CRA) to address tax avoidance and evasion; and to eke out a $1.4 billion surplus
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  • Business Man Preparing a Business Plan on Laptop

    Preparing A Business Plan

    April 16, 2015 by

    Preparing a business plan can often feel like an intimidating task but it is crucial for anyone who wants to operate their own business. The accounting experts at Hogg, Shain & Scheck have put together a checklist of the most important things that belong in every business plan. This comprehensive list covers all aspects of
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  • HSS Tax Accountants at Ted Rogers Management Conference 2015

    Ted Rogers Management Conference 2015

    April 2, 2015 by

    It was the 6th year of the Ted Rogers Management Conference held at the Marriott Eaton Centre. This year’s conference focused on entrepreneurial communities and showcased what is needed to be successful as a student, how to enhance your entrepreneurial skills, and the best way to perform a business startup. The conference engaged different organizations
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