Chad Saikaley, a GGFL partner and the firm’s head of tax, was an early critic of Morneau’s proposed changes to federal income tax legislation in 2017. Here is an excerpt from the full comment he wrote shortly after the measures were announced: “ . . . this proposed targeting of small business corporations is less a crackdown on the wealthy, more an attack on middle-class Canadians. . .”
Shannon Smith, one of GGFL’s newest staff recruits, made the CFE Honour Roll. Of the 6,000-plus writers who also passed the exam, only 35 Ontarians made the national honour roll – a major achievement for any accounting student.
US estate tax can apply not only to US citizens, but also to Canadians who hold US assets. US and cross-border tax is a unique specialization that is in high demand today, because many clients have US and cross-border tax issues to consider.
Note: Deadline for eligibility is December 31st of every year.
This being the season of giving and receiving, let’s consider the advantages of donating a portion of your stock portfolio to your favourite charity, instead of donating cash. Donating stock to charity can be an ideal and relatively easy method of giving a portion of your wealth to help others in a tax-efficient manner. Here’s why…
With this morning, came the announcement of all the individuals who successfully passed their Common Final Examination (CFE) written this past September, and are now one big step closer to being Chartered Professional Accountants! We are honoured to congratulate all of GGFL’s staff who had written the CFE, and are very proud that all have […]
Since I have been here at GGFL, it has become very apparent how much the firm truly values its people and places a high priority on mentoring, staff satisfaction, and continued professional development,” she adds. “This is a place where everyone’s ideas are valued and good decisions can be implemented quickly and locally.”
Last week, we shared an article on the New Canadian Standards for Review Engagements and Auditor Reporting Standards. In response to changing standards, accounting firms need to keep pace and have internal structures in place to ensure that staff fully understand what is changing and when. This is where a Director of Standards plays a […]
Like all professional governing bodies, Chartered Professional Accountants of Canada (CPA Canada) often changes or refines industry standards, and has recently issued two major changes that impact all accounting firms and their clients.
“It is important to be open and honest with candidates during the recruitment process, so that when new employees join the firm, they find the environment that we had told them to expect. So, from the outset, it’s important we map out what our strengths are, and what our culture stands for. We want to make sure our values align with those of the candidate.”
At GGFL, our responsibility is to our clients, and we are laser-focused on the financial welfare of those people who put their trust in us. Understandably, clients get anxious when there are delays with CRA. So do we. Rest assured, we do all we can to expedite the process.