Prime Minister Trudeau announces small business tax cut to mollify critics. Canadian accountants wonder how the government will make up for the lost revenue.

However, if you attempt a self-repair and the situation unexpectedly blows up into a big claim, your small payment could be taken as an admission of liability. Admitting liability is grounds for denial of coverage under most policies. If in doubt, put in a call to your insurance representative and get some proper direction.

Women were more prepared for board meetings and follow-up more with management. Women also asked more questions and were more likely to ask difficult questions. One of the female board member told us: “Women are less shy about asking questions… Women are much more ready than male colleagues [for a meeting]…

Auditors working in the securities industry should be aware that they could end up facing liability to their clients’ investors or lenders who rely on the auditors as part of the system in place for their protection. [i] For the last 20 years, Canadian common law has been settled in holding that investors ordinarily cannot recover for loss on ...

The University of Michigan’s Robert Axelrod, a mathematician turned game theorist, coined this a “tit-for-tat” strategy. His research, perhaps best known in the book “The Evolution of Cooperation,” uses statistics to show that when individuals cooperate, they come out better than when they don’t. The case for leaving money on the table.

The automation means it is much easier for small businesses to keep records up to date and provide current information on status, making it possible to react to changes quickly. Security Tools In additions to a business-class firewall, an anti-virus program, and fully encrypted computer hard drives, small businesses need to add two other ...

Intuit, which makes Xero competitor Quickbooks, loaned US$933M to small businesses in FY 2022, up substantially from US$232M in FY 2021, according to Debanked. In 2020, Xero acquired a small business financing platform called Waddle, which it is now exiting at the cost of a significant writedown.

The CRA may have an ongoing project to scrutinize staffing agencies and their clients, says Canadian tax lawyer and accountant David J. Rotfleisch

Wrapping up the odds and ends from the past week in Canadian accounting news Subscribe to our weekly review. Choose the stories you want to read. Provide your email address to receive a weekly list of all content posted in the past seven days, with links to the original articles. ...

With over 30 years of experience as both a lawyer and chartered professional accountant, he has helped start-up businesses, resident and non-resident business owners and corporations with their tax planning, with will and estate planning, voluntary disclosures and tax dispute resolution including tax litigation.