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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 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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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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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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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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Federal Budget Commentary 2021
On April 19, 2021, the Deputy Prime Minister and Finance Minister, the Honourable Chrystia Freeland, presented Budget 2021: A Recovery Plan for Jobs, Growth, and Resilience, to the House of Commons. No changes were made to personal or corporate tax rates (other than a
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