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On October 16, 2017 the Federal Government announced a number of proposed changes affecting small business corporations. First, the small business tax rate will be reduced from 10.5% to 10%, effective January 1, 2018 and to 9%, effective January 1, 2019. Second, the government intends to proceed with the proposed income sprinkling rules, although with
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February 28: T4,T4A,T5 slips and summaries March 1: Last day for 2017 RRSP contribution April 30: Personal Tax Filing Deadline April 30: Payment Deadline for Individuals and Sole Proprietor June 15: Sole Proprietor and Partnership Return Filing Deadline T3 Trust Return Filing Deadline: 90 days after the trust’s tax year-end Corporate Tax Returns are due
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The recent case of McMurtry V McMurtry (2016 ONSC 2853) highlights the importance of proper documentation of a gift. The wife of the deceased claimed that she was the owner of certain shares of a family corporation (worth several million dollars) that had belonged to her late husband. She argued that the shares had passed
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Prepared by Jordan Gabriel and Maria Kosinevska, Hogg, Shain & Scheck P.C., CPA Students The seminar presented by Robert Murray focused around the development of a simple and easy to understand strategy for organizations, including values and benefits it can bring to your business. Importance of Values Create a strategy that encompasses your organizational values
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Dora Awards Support, HSS sponsoring awards again this year! The 38th annual Dora Mavor Moore Awards celebrates the accomplishments of professionals in the performing arts community. The Awards ceremony will be held on June 26th at the Elgin Theatre and will be hosted by Raoul Bhaneja. Some of the awards come with a cash prize
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Every year the Alumni Awards Night is a beautiful celebration for the Ted Rogers School of Management (TRSM) Alumni and their outstanding achievements. This evening recognizes all alumni and hosts an awards of distinguished alumni across Canada and internationally. The TRSM Lifetime Achievement Award is the highest honor of the night, it recognizes an alumnus
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Hogg, Shain & Scheck are proud to be gold level supporters of The Writers Guild of Canada Screenwriting Awards, which were held April 24, 2017 at the Telus Centre’s Koerner Hall. HSS aims to recognize the achievements of Canadian screenwriters and the local theatre community in their accomplishments within Canada and Toronto, respectively. The WGC
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Introduction Finance Minister Charles Sousa tabled the Ontario Budget on April 27, 2017. The deficit for the 2016-17 fiscal year is projected to be $1.5 billion, with a balanced budget projected for 2017-18, 2018-19 and 2019-20. The Budget does not include any changes to Ontario’s personal or corporate income tax rates. Measures Affecting Individuals Personal
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Hogg, Shain & Scheck is happy to announce that Angelwalk Theatre is back after a two-year hiatus, and will be starting 2017’s season with Any Dream Will Do: The Music of Andrew Lloyd Webber. Angelwalk Theatre is a not-for-profit, professional theatre company that was founded in 2009. The 11-time Dora Award nominated and proudly Canadian
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Federal Budget Commentary Article If you have any questions regarding the Federal Budget or its impact on you or your business, please contact us. We hope you find our Commentary informative. To assist you with other budget-related inquiries, please call our Federal Budget Hotline at (416) 499-3101. March 22, 2017 CPA Canada: Federal Budget Commentary
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It is personal tax filing time again! At this time of year, many employees will ask their employer for a signed T2200. There is much confusion surrounding an employer’s obligation to complete this form, but the accounting professionals at Hogg, Shain & Scheck can help to understand these forms and procedures. A completed T2200 certifies
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On Wednesday, March 8th, 2017, Hogg, Shain & Scheck welcomed President of Pricing Solutions, Paul Hunt, for our Managing for Growth Series. Highlights from his presentation can be found in the executive summary that is downloadable below. Pricing Solutions Executive Summary