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Canada makes a specific distinction between charitable organizations and not-for-profit organizations, commonly known as NPOs. NPOs encapsulate a variety of groups such as clubs, societies, and associations as well as agricultural organizations such as farmers markets. Once an organization has filed an NPO information return for a fiscal period, it must file an information return
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A landlord will often use a leasehold inducement to either entice a prospective tenant or to retain an existing one. Tenants like receiving leasehold inducements since it is viewed as “free money”. However, this isn’t really the case since a leasehold inducement can result in taxable income for a tenant and a deduction for the
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Ontario Budget Commentary, February 25, 2016 If you have any questions regarding the Ontario Budget or its impact on you or your business, please contact us. We hope you find our Commentary informative. Introduction On February 25, 2016 Finance Minister Charles Sousa tabled his fourth Budget. The deficit for the 2015-16 fiscal year is projected
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Understanding Capital Asset Accounting for Manufacturers Capital assets are the tangible items such as buildings, equipment, and property used by a business to manufacture, supply, or rent items to others. In manufacturing, these can include machines, tools, warehouses, trucks, computers, and more. It is critical that business owners understand why capital asset management is important
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Many employers are aware of some of the more prominent grants and investment tax credits (“ITCs”) available in Canada, such as the Scientific Research and Experimental Develop Tax Credit and the Federal Apprenticeship Job Creation Tax Credit. However, this is just scratching the surface of the lucrative grants and ITCs that may be available to
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Hogg, Shain & Scheck welcomes new employees in 2016! We’re pleased to announce that our team is growing. We’d like to welcome our new hires Philip Varmuza, Taylor Davis and Alex Briganti to the Hogg, Shain & Scheck team! We’d like to welcome Taylor Davis to Hogg, Shain & Scheck as of March 16, 2016.
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When top business executives are asked to recall an experience when they and their management team were performing at their best, their answers often include the same themes: At the top of their game, the team worked intensely to achieve a shared, deeply meaningful business objective. The executives often speak of enjoying open communication with
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The topic of accounting for leases is a wide and potentially complicated field. One of the reasons is the fact that no two leases are alike. Each lease is the product of negotiation between the lessor, who generally owns the property, and the lessee, who is generally looking to rent the property. Therefore, each lease
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Presented by Brian Beaulieu – CEO Institute of Trend Research (ITR) October 27, 2015 Executive Summary Canadian economic indicators show a very mild recession to March 2016, followed by growth of 2.6 % for the balance of 2016 and continuing in 2017 and 2018. Global leading indicators also show nominal growth to March 2016. Crude
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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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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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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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