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Magnifying glass examining sticky note with accounts receivable written on it.
August 2, 2021 Article

Understand Receivables: a NFP Board Member’s How-to Guide

All board members, including those involved with non-profit organizations, are held to a minimum standard of care and diligence when it comes to the finances of an organization. This is why, at a minimum, it is important for a non-accountant to understand what
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Magnifying glass examining financial statements
August 1, 2021 Article

Understand Financial Statements: a NFP Board Member’s How-to Guide

Board members are often bored during the financial discussion or financial statement presentation at a meeting. If they are lucky, they have someone with a financial background as a treasurer or chair of the finance committee. This article addresses how the financial
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Medical pracitioner walks elderly patient outside of care home
July 29, 2021 Article

Medical Expense Tax Credit – Nursing Homes vs. Retirement Homes

The federal and Ontario governments have tax credits available to taxpayers, including those paid for medical expenses. The Medical Expense Tax Credit (METC) can be claimed for costs associated with nursing and retirement homes that are paid by you or your spouse. METC
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Facemask with Canadian flag printed on it
June 14, 2021 Article

COVID Relief Programs Update – June 2021

Canada Recovery Hiring ProgramIn their April budget, the federal government announced the creation of a new Canada Recovery Hiring Program (CRHP). Bill C-30, the Budget Implementation Act is now before parliament. CRHP benefits will be available retroactively to June
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Canada flag License Plate
June 7, 2021 Article

The Tax Implications of Repatriating to Canada

According to the annual survey conducted by the global consulting firm, The Reputation Institute, Canada ranked second for 2016 out of the top 50 countries deemed to be the most reputable in the world. The list is based on people’s trust, admiration, respect, and
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Fraud underlined word and financial data for business audit.
May 28, 2021 Article

11 Steps to Prevent Business Fraud

11 recommendations for business owners that can each play an important role in reducing the opportunities that can lead to
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